In the beginning, Sardul Company had share capital of Rs 100,000 and retained earnings of Rs 50,000. During the year, the company reported a net…
2023 · Solved Question with Answer
In the beginning, Sardul Company had share capital of Rs 100,000 and retained earnings of Rs 50,000. During the year, the company reported a net income of Rs 30,000 and paid dividends of Rs 20,000. Additionally, the company issued 1,000 shares @ Rs 100 each.
Required: Statement of change in equity for the year.