Accounting 9706 · AS & A Level · The accounting system

The accounting system — practice question

The balances below have been taken from J Limited’s records. Ordinary shares of $0.50 each stood at $700000 on 30 April 2019 and at $500000 on 30 April 2018. Share premium was $90000 on 30 April 2019 and $50000 on 30 April 2018. How many ordinary shares were issued during the year ended 30 April 2019?

  • A200000
  • B240000
  • C400000
  • D480000

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