Financial Accounting Statements ???????The Ledger of ABC Limited - Accounting Assignment Help

Assignment Task

The Ledger of ABC Limited

Additional information:
1. Authorised share capital consist of the following:
500 000 Ordinary shares
 50 000 12% Preference shares
All shares were issued at R1 each. At the end of the financial year the directors had authorization to issue the unissued ordinary shares.
2. The loan from Money Bank is secured, bears interest at 18% per annum and isrepayable on 31 December 20x8.
3. The long-term loan was secured by a first bond over land and buildings and isrepayable in annual instalments of R5 000 each. The first instalment is payable on31 December 20x5

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