Tale LTd. has 100,000 ordinary shares of ₦1 each and 60,000 5% preference shares of ₦1 each. Both were fully paid as shown below,

$\begin{array}{c|c} & ₦\\ \text{Profit and loss appropriation b/f} & 10,000\\ \text{Net profit for the year} & 6,000\\ \text{Proposed dividend on ordinary shares} & 4,000\\ \text{Interim dividend} & 6,000\\ \text{Goodwill written off} \\ 600\end{array}$

The authorized capital of Tale Ltd is

Similar Questions

.............Total......... Dept.P.............Dept.Q ...............N...............N................

Use the following information to answer the given question \(\begin{array}{c|c} \text{Motor veh...

The accounting concept that states that a firm's financial affairs must be separated from that o...

The value of Y is ...

Aug. 1 Received 20 units at N60 each Aug. 6 Received 20 units at N68 each Aug. 10 Issued 16 units&...

Statement of assets and liabilities as at 31st December, 2001. Shareholders' interest N240&nb...

The purchase of a typewriter for office use for N2,500 should be debited to ...

The need for changes in accounting theory in Nigeria was influenced by the ...

Doe and Sons Limited would enter the 3% discount in the  ...

Gross profit in the branch adjustment account is transferred to the branch? ...