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    FAR160 JUNE 2019 Q2 COMPANY-answer Madam Checked

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    Nur Anis Aqilah
    1) The company issued 15 million ordinary shares at RM5 each, which were oversubscribed, and 10 million preference shares at RM2 each, which were undersubscribed. 2) A 1:10 bonus issue of ordinary shares was made using retained profits of RM14 million. 3) The company issued RM3 million of 9% debentures at a 4% discount with commission costs of RM25,000. Interest of RM85,050 was paid and credited to retained profits.

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    FAR160 JUNE 2019 Q2 COMPANY-answer Madam Checked

    Uploaded by

    Nur Anis Aqilah
    70 views3 pages
    1) The company issued 15 million ordinary shares at RM5 each, which were oversubscribed, and 10 million preference shares at RM2 each, which were undersubscribed. 2) A 1:10 bonus issue of ordinary shares was made using retained profits of RM14 million. 3) The company issued RM3 million of 9% debentures at a 4% discount with commission costs of RM25,000. Interest of RM85,050 was paid and credited to retained profits.

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    FAR160 JUNE 2019 Q2 COMPANY-answer madam checked

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    1) The company issued 15 million ordinary shares at RM5 each, which were oversubscribed, and 10 million preference shares at RM2 each, which were undersubscribed. 2) A 1:10 bonus issue of ordinary shares was made using retained profits of RM14 million. 3) The company issued RM3 million of 9% debentures at a 4% discount with commission costs of RM25,000. Interest of RM85,050 was paid and credited to retained profits.

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    70 views3 pages

    FAR160 JUNE 2019 Q2 COMPANY-answer Madam Checked

    Uploaded by

    Nur Anis Aqilah
    1) The company issued 15 million ordinary shares at RM5 each, which were oversubscribed, and 10 million preference shares at RM2 each, which were undersubscribed. 2) A 1:10 bonus issue of ordinary shares was made using retained profits of RM14 million. 3) The company issued RM3 million of 9% debentures at a 4% discount with commission costs of RM25,000. Interest of RM85,050 was paid and credited to retained profits.

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    of 3

    JUNE 2019

    Ordinary Share Preference Share


    Issue 15m@5 10m@2
    Apply 20m 8m
    (oversubscribed) (undersubscribed)

    Ordinary share Debit Credit


    Received money: (20m x 5)
    Bank√ 100,000,000√
    Application of Ordinary Share Capital√ 100,000,000√
    Allotment: (15m x 5)
    Application of Ordinary Share Capital√ 75,000,000√
    Ordinary Share Capital√(15mx5) 75,000,000√
    Application of Ordinary Share Capital√ 25,000,00√
    Bank (5m x 5) √ 25,000,000√

    Preference Share
    Bank (8m x 2) √ 16,000,000√
    Application of Preference Share Capital√ 16,000,000√

    Application of 10% Preference Share Capital√ 16,000,000√


    10% Preference Share√ 16,000,000√
    40mx1/10x140m/40m Bonus issue 1;10
    Bonus issue
    Retained profit (1/10 x 40m x 3.5) 3.5√=14m 14,000,000√
    Bonus issue√ 14,000,000√

    Bonus issue√ 14,000,000√


    Ordinary share√ 14,000,000√
    Issue debenture 9% debenture
    1/10/2018 31.12.18 RM3m, discount 4% commission cost
    25k
    Debenture
    Bank (3m – (4% x 3m) – 45k 2,835,000
    9% Debenture 2,835,000√

    Interest (12% x 2.835m x 3/12):retained profit 85,050√


    9% Debenture 85,050√√

    9% Debenture 67,500√
    Bank (9% x 3m x 3/12) 67,500√

    Interest 85,050
    Bank 67,500
    Debenture 17550
    Mutiara Kasih
    Statement of Financial Position
    RM
    Issued and Fully Paid-Up Capital
    (40m√ + 15m√+4m) 59,000,000 Ordinary Share (140m√ + 75m√+14m√) 215,000,0002
    229,000,000
    (10m √+ 8m√) 18,000,000 √8% Preference Share (15m √+ 16m√) 31,000,000√

    Reserve
    Retained profit (155m√ – 14m√-85050√) 141,000,000√
    140,914,950

    Non-current liability
    9% Debenture (2.835m√ + 85,050 √– 67,500) √ 2,852,500√

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