I am learning extended trial balances,one of my excercises has shares in it, don,t want to look at the answer, cos I like to work things out myself, but I am stuck. On the trial balance there is ordinary 50p share capital, balance 145,000, this 145,000 balance does this mean 290,000 shares in issue. Many thanks. Sue
gold star for that assumption. Yes your right. 290k issued shares.... Assuming that they've written the question out properly which I'm having a bit of grief with at the moment as I've just spent the last hour and a half working through an answer repeatedly not understanding why I couldn't get my figures to look like Kaplans and then sussed that the figures in the question were not the same one's that they were using in the answer. (grrr)... Oh well, anything that doesn't kill us makes us stronger and all that. Wish me luck I'm going back in.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Thanks for your reply been on this extended trial balance all morning, sometimes you begin to doubt yourself and its nice to have that reasurrance when asking questions. Know what you mean when errors are in work books, and I thought proof-readers got paid well evidently not. Having a break now, then I have got to work out rights issue, interim dividend and final dividend, and hopefully this trial balance will surely balance lol. Happy revising Shaun and don't kill off to many brain cells lol. Kind Regards Sue
