[Ali]

Carol Share Premium will be 80-50+75=105
And Share Capital=100+50+150=300.

[Ali]

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.

[Ali]

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.

[Author]

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