Prepare kika ltd ordinary share capital and share premium

Assignment Help Financial Accounting
Reference no: EM132498810

Point 1: Kika Ltd's authorised share capital is 20 million (30p) shares. Below are a selection of balances from the books of Kika Ltd at 1st April 2019. £'000 Paid-up ordinary share capital, 30p shares 1,200 Share premium 18,500 Retained profits 7,650 General reserve 1,900 During the year ended 31st March 2020 the following took place: o 200000 ordinary shares were issued on the market at a price of £3.50 per share and paid up in full on 12th May 2019. o The directors made a 1 for 10 rights issue at a premium of £2 per share in November 2019. This issue was taken up in full and paid up on 1st december 2019

Required:

Question 1: Use the information above to prepare Kika Ltd's ordinary share capital and share premium accounts clearly showing the opening balances at 1st April 2019, all relevant accounting entries in the year and closing balances at 31st March 2020

Reference no: EM132498810

Questions Cloud

What have you learned about the leadership process : What have you learned about the leadership process from the Interactional Framework for Analyzing Leadership Model and How did this course influence your
Is ripslash ltd a reporting entity : Is Ripslash Ltd a reporting entity? As at the end of the reporting period, Ripslash Ltd has gross assets of $4 million, total revenue of $11 million
Find what is the basis of the belief : Find What is the basis of the belief. It is argued by some researchers that even in the absence of regulation, organisations will have an incentive
Find which type of ira would be best for maggie : At this point, which type of IRA would be best for maggie, a traditional or Roth IRA? Explain your reasoning using complete sentences.
Prepare kika ltd ordinary share capital and share premium : Prepare Kika Ltd ordinary share capital and share premium accounts clearly showing the opening balances at 1st April 2019, all relevant accounting
What is the balance day adjustment general journal entries : What is the balance day adjustment general journal entries as at 31 Dec 2019 for Rent was received on 1 Dec 2019 for 3 months
Make a record the closing journal entries for any gain : Make Record the closing journal entries (as per template below)for any gain or loss on revaluation only, as at 30th June 2020. Include narrations.
Entrepreneurship Assignment - Conduct background research : Entrepreneurship Assignment - Project - Conduct background research using available and reliable information sources such as EBSCOhost
Compute schembri single : Compute a separate statement of comprehensive income for 2018. (Amounts to be deducted should be indicated with a minus sign)

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd