Assessment Type | ACC201 Group Assignment 1 |
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The following trial balance relates to Petrina Ltd at 31 December 2018.
The following additional information is provided
Prepare, in a form suitable for publication, the statement of profit or loss and other comprehensive income, statement of financial position and statement of changes in equity for the year ended 31 December 2018 for Petrina Ltd.
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Order Non Plagiarized AssignmentNovar Court Ltd issued 1,000,000 GH¢1 shares on the BUEM Stock Exchange (BSE) which were fully subscribed for on 1 November 2018 at a market price of GH¢4.20 per share. At 31 December 2018, the shares have a market value of GH¢4.90.
The entity also issued 4% loan notes with a nominal value GH¢2,000, 000 at a discount of 2.5% on 1 January 20218. The loan will be repayable at a premium of 10% after five years and the effective rate of interest is 7%. Issue cost incurred amounted to GH¢53,400. All these transactions have not been recorded in the books of Novar Court Ltd. The following is the trial balance for Novar Court Ltd at 31 December 2018.
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