Corporate accounting

Cashless Ltd went into deliberate gift on 1 April 2019. 
Cashless Ltd 
Statement of Financial Position 
as at 1 April 2019 
Liabilities and equity 
Divide capital: 
 280 000 conventional divides 
 fully paid 
Retained earnings 
Advance hypothecation 
Bank aggravatedraft 
Accounts rapidable 
Other rapidables 
$322 000 
7 000 
105 000 
70 000 
56 000 
56 000 
 33 600
Plant and buildings (net) 
Set (net) 
Bank deposit 
Accounts receivable 
$175 000 
280 000 
7 000 
68 600 
35 000 
84 000 
 $649 600 $649 600 
Additional information 
(a) The liquidator discovered that debenture attention of $5 250 was attributable on 1 April 2019. The aggravatedraft with 
the Katherine Bank had been trustworthy by a advance aggravate the set. The bank has agreed that the 
liquidator may hawk the set and explanation the allowance to requite the aggravatedraft. The advance hypothecation is trustworthy 
aggravate plant and buildings which procure be sold by the advancee to requite the equality due. The inventory 
has been explanationd as a circulating safeguard ce the debentures. The other rapidables were hypothecations from directors 
that were made on 1 December 2018. 
(b) The sale of the goods realised the folldue equalitys: 
 Plant and buildings 
 Less: Rates and hawking expenses 
 Less: Advance hypothecation 
 $ 280 000 
(11 200)
 (105 000)
$163 800
 Set and equipment 
Bank deposit 
Accounts receivable 
 273 000 
8 400 
63 000 
21 000 
 70 000
 $ 599 200
(c) The folldue rapidments were made by the liquidator: 
Debenture attention 
Bank aggravatedraft 
Accounts rapidable (succeeding creditors’ discounts) 
Other rapidables 
Additional equalitys referable attributable attributable attributable commemorative in the records: 
 Liquidator’s remuneration 
 Gift expenses 
 Holiday rapid — employee 
 Retrenchment rapidment — employee 
 Income impost penalty 
 $70 000 
5 250 
56 000 
53 200 
33 600 
17 500 
7 700 
7 000 
2 800 
 2 100 
$255 150
You are required to order the folldue recitals, using T recitals, and referable attributable attributable attributable narrative entries: 
A. The Gift Recital. 
B. The Liquidator’s Statement of Receipts and Rapidments. 
C. The Divideholders’ Distribution recital. 
(20 marks)

Q4 George Ltd artificial 60% of the divides of Orwell Ltd in February 2017. Although George Ltd has 100% 
subsidiaries this is the primeval compensation that George Ltd has made with a non-controlling attention (NCI) partly 
funding the other assembly. Eric Blair, the financial recitalant of George Ltd has asked you to transcribe a communication 
advising him as to the best admittance he should admit when he orders the consolidated financial statements 
ce the Orwell Group of companies. 
As he has never had to count the divide of the equity in Orwell Ltd funded by the NCI he is worried about 
how he should count it. He is distinctly attentioned in how the watchfulness should admit attribute in the years 
succeeding the compensation continuance. He tells you that some of his colleagues in other companies enjoy mentioned a ‘step’ 
admittance which pretentious makes recitaling ce the recitaling periods succeeding the continuance of compensation very 
easy as it is then inevitable to order merely individual tramp. 
Order a communication ce Eric, explaining the tramp admittance to the watchfulness of NCI and the proceeds of this 
admittance in the years succeeding the continuance of compensation. 
(5 marks) 
The communication should admit the cemat of a cemal calling communication, written by your rooted with yourself as transfer producer. 
Marks procure be awarded ce endowment title and an divert calling cemat. 
(5 marks)

Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions with attention to details. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. We have native speakers and ESL and are able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, 24/7 you can send your order for a free revision, unlimitted times. You have 14 days to submit the order for review after you have received the draft or final document. You can do this yourself after logging into your personal account or by contacting our support through chat.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper or need some instructions clarification, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We have mordernized our writing. We use several writing tools checks to ensure that all documents you receive are free from plagiarism eg, safeassign, turnitin, and copyscape. Our editors carefully review all quotations in the text. We also promise maximum privacy and confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 - 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:

How it works?

Follow these steps to get your essay paper done

Place your order

Fill all the order form sections by providing details of your assignment.

Proceed with the payment

Choose the payment model that suits you most.

Receive the final file of the done paper

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at very late hours of the night. Sleep tight, we will cover your back. We offer all kinds of custom writing services.


Essay Writing Service

We work on all models of college papers within the set deadlines. You just specify the required details e.g. your academic level and get well researched papers at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.


Admission Essays & Business Writing Help

An admission essay is an application essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can rest assurred that through our service we will write the best admission essay for you.


Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.


Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.

5 to 20% OFF Discount!!

For all your orders at get discounted prices!
Top quality & 100% plagiarism-free content.