Quelpr
9 marksLimited Liability Companies

CSEC Principles of Accounts · January 2016 · Paper 2 · Question 6(a)

Intergalactic Voyages provides share capital and debenture details on 1 April 2015.

Prepare the journal entry to record the issue of the shares and another journal entry to record the issue of debentures.

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Other parts of this question

  1. 6(b)Prepare the Appropriation Account for Intergalactic Voyages Company Ltd for the year ended 31 March 2015.[7 marks]
  2. 6(c)Explain how the issue of debentures affected the Net Operating Profit and by how much, showing workings clearly.[2 marks]
  3. 6(d)List any four steps in the accounting cycle.[2 marks]

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