Accounting Financial Sample Paper

aEXAMPLE - QUIZ QUESTIONS 1.Prepare diary entries to record the hunt transactions of a mankind phoner: (3 Marks) a)1 Feb. 2009Omega Ltd pruned a course catalog inviting subscription for 500,000 ordinary shares at an issue price of $2.00 each(prenominal), payable in affluent on application. b)20 Feb. 2009Applications disagreeable and 500,000 shares were received. c) 28 Feb 2009Directors dish divulge the shares ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ 2.What is a rights issue? (1 Mark) ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ 3.

Prepare journal entries to record the following cerebrate transactions of a cosmos company. (3 Marks) a)The company issued 40,000 options at 50 cents each to acquire shares at $5 each in this company b)The holders of 36,000 options then exercised their rights to acquire shares in the company c)For the options not exercised, the company transfers the option balance to an options reserve account. ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________...If you requisite to get a full essay, order it on our website: Orderessay

If you want to get a full information about our service, visit our page: How it works.