FR (Page 343)

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Trade payables 87,000 32 200 625500 363,400 You ascertain the following: 1.Kwa Limited acquired the shares of Jomvu Limited,cum dividend on 31 March 1999. 2. The general reserve of Jomvu Limited was the same on 31 March 1999 as on 31 March 2000. The balance on the profit and loss account of JomvuLimited is made up as follows: Sh.'000' Balance on 31 March 1999 28,000 Net Profit for the period ended 31 March 2000 32,000 60,000 Less: proposed dividends 15 600 188 Group Accounts STRATHMORE UNIVERSITY●STUDY PACK 44 400 3. The stock in trade of Jomvu Limited on 31 March 2000 included Sh.6 million in respect of goods purchased from Kwa Limited. These goods had been sold by Kwa Limited to Jornvu Limited at such a price as to give Kwa Limited a profit of 20% on the invoice price.
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern