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Calculations (FR) > SCE Steps > Flashcards

SCE Steps Flashcards

1
Q

PFY in nominal ledger?

A

Goes in retained earnings

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2
Q

Dividend in nominal ledger?

A

Goes in retained earnings

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3
Q

Revaluation in the year?

A

In the revaluation column

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4
Q

Share capital share issue calculation?

A

Equity shares * $1 issued

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5
Q

Share premium share issue calculation?

A

Equity shares * 25c premium

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6
Q

Dividends paid

A

Interim ordinary dividends paid + preference dividends paid

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7
Q

What composes of proceeds from share issue?

A

Share capital + share premium

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8
Q

Calculate shares issued?

A

Suspense account / price of shares

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Calculations (FR) (41 decks)

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