Wednesday, December 14, 2011

In accounting, what would be the preference share capital & dividend for.............?

In accounting, what would be the preference share capital & dividend for.............?
50,000 8% preference shares of 50p each Trial balance £25,000 credit entry I want to know what figure you put in the appropriation account and in the financed by section of the balance sheet
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Answer 1 :
the preference share capital is £25,000 - the annual dividend would be £2,000

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