identify the legal form and explain your findings for this?
(A) capital section of a balance sheet
capital ÂŁ
cash introduced 30,000
retained earnings 10,000
40,000
add: net profit for the year 5,000
45,000
less:drawings (7,000)
38,000
(B)capital section of balance sheet
equity ÂŁ
called up share capital 541,000
share premium 1,075,000
capital redemption reserve 680,000
other reserves 500,000
2,796,000
from and b i need to explain what legal form is involved and why
(A) capital section of a balance sheet
capital ÂŁ
cash introduced 30,000
retained earnings 10,000
40,000
add: net profit for the year 5,000
45,000
less:drawings (7,000)
38,000
(B)capital section of balance sheet
equity ÂŁ
called up share capital 541,000
share premium 1,075,000
capital redemption reserve 680,000
other reserves 500,000
2,796,000
from and b i need to explain what legal form is involved and why
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