Profit and loss appropriation account for the year ended 31 Dec 2011

$
Net profit for the year
Less: Appropriations
Preference dividend:
Interim xxx
Final xxx
Ordinary dividend
Interim xxx
Final + xxx
Transfer to general reserve xxx
preliminary expenses xxx
goodwill written off xxx

Retained profit for the year

Add: Last year profit and loss( profit and loss balance b/d) +
undistributed profit and loss c/d

Profit and loss appropriation account for the year ended 31 Dec 2011
$
Net profit for the year
Less: Appropriations
Preference dividend:
Interim xxx
Final xxx
Ordinary dividend
Interim xxx
Final + xxx
Transfer to general reserve xxx
preliminary expenses xxx
goodwill written off xxx

Retained profit for the year

Add: Last year profit and loss( profit and loss balance b/d) +
undistributed profit and loss c/d
1- Bale Ltd has the following information at the end of the year 31 December 2011.
Called up capital $
5% $1 Preference shares 40 000
$1 Ordinary shares 50 000
Profit and loss account for the year ended 1 January 2010 30 000
Net profit for the year ended 31 December 2011 70 000

Additional information
1- Directors have decided to transfer $20 000 to general reserve
2- Directors agreed to pay final dividend on 10c on ordinary shares and interim
dividend of $0.05 on ordinary shares.
3- Directors have to pay the preference shares dividend for the year
Prepare profit and loss appropriation account for the year 31 December 2011

2- Hassle Ltd has the following information at the end of the year 31 December 2011.
Called up capital $
100 000 10% preference shares $1 100 000
200 000 ordinary shares $0.25 50 000
Profit and loss account for the year ended 1 January 2010 79000
Net profit for the year ended 31 December 2011 92000

Additional information
1- Directors have decided to transfer $30 000 to general reserve
2- Directors agreed to pay final dividend on $0.5 on ordinary shares and interim
dividend of $0.1 on ordinary shares.
3- Directors have to pay the preference shares dividend for the year
Prepare profit and loss appropriation account for the year 31 December 2011

3- Lee Wane Ltd has the following information at the end of the year 31 December 2011.
Called up capital $
5% preference shares $1 200 000
Ordinary shares $0.20 100 000
Profit and loss account for the year ended 1 January 2010 23 000
Net profit for the year ended 31 December 2011 120 000

Additional information
1- Directors have decided to transfer $40 000 to general reserve
2- Directors agreed to pay final dividend on $0.4 on ordinary shares and interim
dividend of 10c on ordinary shares.
3- Directors have to pay the preference shares dividend for the year
Prepare profit and loss appropriation account for the year 31 December 2011
$
xxx

̶
̶
+

(xxx)
xxx
xxx
xxx

$
xxx

(xxx)
xxx
xxx
xxx
mber 2011.