Paid up capital on 1st January, 2007 was 124,000 shares of Rs. 10 each
Fresh issue of share capital on 31st March, 2007 was 24,000 shares of Rs. 10 each
Profit before tax 330,000
Tax rate 40%.p.a
Then, calculate Earning per share for 2008.
ABC Limited exchanged Oil with XYZ Limited,
Cost of Oil given up by ABC Limited 10,000
Cost of Oil received by ABC Limited 10,000
Pass Journal Entries in the books of both parties.
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thnks alot Faizan Raza bhai
ata hai ;)