You are given the following information about the PQ Company Ltd on 31st December 2022: Particulars Amount Rs. 5000 equity shares of Rs.100 per share…
2024 · Solved Question with Answer
You are given the following information about the PQ Company Ltd on 31st December 2022:
| Particulars | Amount Rs. |
| 5000 equity shares of Rs.100 per share | 500,000 |
| Share premium | 150,000 |
| Retained earnings | 200,000 |
| Total shareholder's equity | 750,000 |
The following transition occurred during the year 2023: Issued an additional 2,000 shares of Rs 100 each at Rs.120 each. The company earned a Net Profit of Rs 75,000 during the year. The company declared and paid a dividend of Rs 40,000 during the year.
Required: Statement of change in Equity at the end of 2023.