Changes to O level Accounting Syllabus ?

[keenborder]

Hello,
I will be appearing for the upcoming M/j 2015 session but I can not find any resource to learn to prepare the statement in change of equity for limited company? In the current syllabus do we have to prepare the appropriation account with the income statement or not.Plus how do you treat preference share either as an expense or subtract it from the retained earning? And Do you ignore proposed shares or treat them as current liabilty

Please help.

 

[Sweet Guy]

Yes We Have to Prepare Appropriation Account / Partnership Account/Manufacturing Account /Balance Sheet

 

[kaleemzam]

You dont't have to prepare appropriation account anymore.
You have to show the statement of change in equity.
If you still need help I can upload that statement here.

 

[kaleemzam]

Preference dividend is a finance cost and hence will be deducted from income statement. It will be showed under the heading of finance costs. Same treatment is for debenture interest payment