Financial AccountingTU Board 2024
You are given the following information about the PQ Company Ltd on 31st December 2022: ParticularsAmount Rs.5000 equity shares of Rs.100 per share500,000Share premium150,000Retained…
2You are given the following information about the PQ Company Ltd on 31st December 2022: ParticularsAmount Rs.5000 equity shares of Rs.100 per share500,000Share premium150,000Retained earnings200,000Total shareholder's equity750,000 The following transition occurred during the year 2023: Issued an additional 2,000 shares of Rs 100 each at Rs.120 each. The company earned a Net Profit of Rs 75,000 during the year. The company declared and paid a dividend of Rs 40,000 during the year. Required: Statement of change in Equity at the end of 2023.
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