Company General Ledger Accounts (Grade 12 NSC Matric Accounting): Flashcards
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Ordinary Share Capital records
Ordinary Share Capital records
Value of shares issued
SARS (Income Tax) tracks
SARS (Income Tax) tracks
Provisional tax payments to SARS
Shareholders for Dividends records
Shareholders for Dividends records
Amounts owed to shareholders for dividends
Income Tax account shows
Income Tax account shows
Total tax liability for the year
Dividends on Ordinary Shares records
Dividends on Ordinary Shares records
Dividend payments to shareholders
Appropriation Account function
Appropriation Account function
Distributes company's profit for the year
Two nominal accounts
Two nominal accounts
Income Tax, Dividends on Ordinary Shares
Provisional tax payment timing
Provisional tax payment timing
First at 6 months, second at year-end
Final dividends timing
Final dividends timing
Declared at year-end, paid next year
Average share price calculation
Average share price calculation
Share capital ÷ Number of shares