4.4 Company BBB has declared and paid a dividend of RO,10 per share in the middle of the year. The issued share capital is 100 000 shares at R1 each. At the end of the year, the company has decided to increase the dividend to RO,15 per share. The increased dividend has not been paid yet. In addition, the company is required to make provisional tax payments every 6 months to the Receiver of Revenue. A payment of R50 000 were made on 30 June and another R50 000 were made on 31 December. After the finalisation of the financial transactions it was calculated that the actual taxation payable was R110 000 for the financial year. REQUIRED: Prepare the general journal entries from the above information

4.4 Company BBB has declared and paid a dividend of RO,10 per share in the middle of the year. The issued share capital is 100 000 shares at R1 each. At the end of the year, the company has decided to increase the dividend to RO,15 per share. The increased dividend has not been paid yet. In addition, the company is required to make provisional tax payments every 6 months to the Receiver of Revenue. A payment of R50 000 were made on 30 June and another R50 000 were made on 31 December. After the finalisation of the financial transactions it was calculated that the actual taxation payable was R110 000 for the financial year. REQUIRED: Prepare the general journal entries from the above information

Name: 4.4 Company BBB has declared and paid a dividend of RO,10 per share i
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Description: 4.4 Company BBB has declared and paid a dividend of RO,10 per share in the middle of the year. The issued share capitalis 100 000 shares at R1 each. At the end of the year, the company has decided to increase the dividend to RO,15 pershare. The incr

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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