Prepare the ledger accounts in T-account format for the year ended 28 February 2025, showing calculations and assumptions.

April 1, 2026Accounting

ScanSolve AI Answer

April 1, 2026

Here are the ledger accounts in T-account format, with Dr and Cr sides clearly labeled, for the year ended 28 February 2025.

Calculations and Assumptions:

Opening Ordinary Share Capital: $2,000,000 authorised shares \times 60\% = 1,200,000 \text{ shares in issue}$ . At an average issue price of R10.00 per share, the opening balance is $1,200,000 \times R10.00 = R12,000,000$ .
**Interim Dividends (30 August 202

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Quick Answer

Opening Ordinary Share Capital: 2,000,000 authorised shares × 60\% = 1,200,000 shares in issue.

Asked on April 1, 2026Accounting

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ScanSolve AI AnswerAnswered on April 1, 2026

Here are the ledger accounts in T-account format, with Dr and Cr sides clearly labeled, for the year ended 28 February 2025. Calculations and Assumptions: Opening Ordinary Share Capital: 2,000,000 authorised shares × 60\% = 1,200,000 shares in issue. At an average issue price of R10.00 per share, the opening balance is 1,200,000 × R10.00 = R12,000,000. *Interim Dividends (30 August 202