Loading [MathJax]/jax/output/HTML-CSS/jax.js
Home / Aptitude Tests / Accounting / Tale LTd. has 100,00...

Tale LTd. has 100,000 ordinary shares of ₦1 each and 60...

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,


Profit and loss appropriation b/f10,000Net profit for the year6,000Proposed dividend on ordinary shares4,000Interim dividend6,000Goodwill written off600

The balance of the profit and loss appropriation account as at the end of the year was

A.

₦16,000

B.

₦10,000

C.

₦5,400

D.

₦1,400

Correct answer is C

No explanation has been provided for this answer.