FAC2602

South University

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FAC 2602 EXAM PACK EXAM REVISION PACK 2022 Written by Class of 2021/22
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137

March 2022

2022/2023

A+
At date of incorporation of ABC Limited (1 July 2012), XYZ Limited acquired 80 000 ordinary shares of 50c each in ABC Limited. The following represented the trial balances of XYZ Limited and ABC Limited at 30 June 2014: XYZ ABC Limited Limited Credits R R Ordinary shares of 50c each 200 000 50 000 Retained earnings 70 000 55 000 Trade and other payables 90 000 50 000 Accumulated depreciation 86 000 64 000 Revaluation of land and buildings 50 000 24 000 Interest bearing borr...
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