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15 Cards in this Set
- Front
- Back
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Bank
....Contributed Equity |
Issue ... shares for cash, fair value of shares ...
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Share trust account
....Application |
Cash received on application for shares
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Application
....Contributed Equity |
Issue ... shares at a fair value of ...
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Bank
....Share trust account |
Transfer money received for shares issued
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Application
....Share trust account |
Refund surplus application money
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Contributed Equity
....Bank |
Payment of legal fees assiciated
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Accounts receivable
Inventory Fixed Assets Goodwill ....Allowance for doubtful debts ....Accounts Payable ....Loan ....Vendor - ... |
Purchase of ... at an agreed value of ...
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Vendor - ...
....Contributed Equity |
Issue of ... shares at a fair value of ... in part consideration for ...
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Vendor - ...
....Bank |
Payment of cash in part consideration for ...
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Final Dividend
....Bank |
Payment of the dividends
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Retained Earnings
....Final Dividend ....Interim Dividend |
Closing off the dividends
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Provisional Tax Paid
... Bank |
Pay provisional tax
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Income summary
... Taxation Payable |
To record tax expense for the year
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Taxation Payable
... Provisional tax paid |
Provisional tax payments offset
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Income Summary
... Retained Earnings |
Profit for the year transferred
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