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Ali

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Active 5 years ago
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Viewing 3 posts - 1 through 3 (of 3 total)
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  • March 4, 2015 at 7:13 pm #231303
    dc652910fb95cf59cc63f7124b55d9f10a226e58714b77c1f8866c23f3ec65db 80Ali
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    Carol Share Premium will be 80-50+75=105
    And Share Capital=100+50+150=300.

    March 4, 2015 at 6:57 pm #231302
    dc652910fb95cf59cc63f7124b55d9f10a226e58714b77c1f8866c23f3ec65db 80Ali
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    I guess only the current year’s tax expense should be shown in SOFP as other provisions are deducted or added back in the SOP&L.

    March 4, 2015 at 6:54 pm #231301
    dc652910fb95cf59cc63f7124b55d9f10a226e58714b77c1f8866c23f3ec65db 80Ali
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    Suspense a/c is credited once. No cash was given away by the creditor. So the cash received will only get a single cash debit and irrecoverable debts credit entry both by 400 as to balance the trial balance.

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