ACCE 312: COMPANY LEDGER ACCOUNTS

HOMEWORK 1: DOBSONVILLE LIMITED

MEMORANDUM

BALANCE SHEET ACCOUNT SECTION:

OPTION 1:

RETAINED INCOME B9
2014 1 Bank CPJ 140 000 2013 1 Balance b/d 465 000
Jan Jul
0 (70 000 x R2)
2014 3 Balance c/o 550 600 2014 30 Appropriation GJ 225 600
Jun Jun
0
690 600 690 600
2014 1 Balance b/d 550 600
Jul

OPTION 1:
FINAL ACCOUNT SECTION:

APPROPRIATION ACCOUNT F3
2014 30 Income tax GJ 358 400 2014 30 Profit & Loss GJ 1 280 000
Jun Jun
(Net profit
BEFORE tax)
Ordinary share GJ 696 000
dividends
Retained GJ 225 600
Income
1 280 000 1 280 000

ACCE 312: Company ledger accounts/ Dobsonville Ltd./Memo 1/3

 OPTION 2:

RETAINED INCOME B9
2014 1 Bank CPJ 140 000 2013 1 Balance b/d 465 000
Jan Jul
0 (70 000 x R2)
2014 3 Appropriation GJ 465 000 2014 30 Appropriation GJ 690 600
Jun Jun
0
Balance c/o 550 600
1 155 600 1 155 600
2014 1 Balance b/d 550 600
Jul

OPTION 2:
FINAL ACCOUNT SECTION:

APPROPRIATION ACCOUNT B9
2014 30 Income tax GJ 2014
358 400 Jun 30 Profit & Loss GJ 1 280 000
Jun
(Net profit
BEFORE tax)
Ordinary share GJ 696 000 Retained GJ 465 000
dividends Income
Retained GJ 690 600
Income
1 745 000 1 745 000

NOMINAL ACCOUNT SECTION:

ORDINARY SHARE DIVIDENDS / DIVIDENDS ON ORDINARY SHARES N5

2013 1 Bank CPJ 300 000 2014 30 Appropriation GJ 696 000
Dec Jun
(400 000 x 0.75)
2014 3 Shareholders GJ 396 000
Jun
0 for dividends
(330 000 x
R1.20)
696 000 696 000

ACCE 312: Company ledger accounts/ Dobsonville Ltd./Memo 2/3

 BALANCE SHEET ACCOUNT SECTION:

SARS (Income tax) B8

2013 7 Bank CPJ 20 000 2013 1 Balance b/d 20 000
Jul Ju1
2013 3 Bank CPJ 120 000 2014 30 Income tax GJ 358 400
Dec Jun
1 (1 280 000 X
28%)
2014 2 Bank CPJ 258 000 Balance c/o 19 600
Jun
3 (398 000 –
20 000 -
120 000)

398 000 398 000

Jul 1 Balance b/d 19 600

ACCE 312: Company ledger accounts/ Dobsonville Ltd./Memo 3/3