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The market price of the ordinary shares at 31 December 2020 was Rs1.60. The dividend yield on ordinary shares was 2 per cent. The creditor for taxation at 31 December 2019 was Rs25 000. Taxation paid in the year ended 31 December 2020 amounted to Rs22 000. The liability for taxation on the profit of the year ended 31 December 2020 is Rs31 000 and is carried forward on the Taxation account. The retained profit for the year ended 31 December 2020 was Rs60 000. The debentures were issued in 2016. The preference shares were issued at par.

The summarized Balance Sheet at 31 December 2020 of Iqra Ltd was as: Fixed assets 2550000, Net current assets 950000, 6% debentures 2019/2020 150000, Ordinary shares of Rs1, 2500000, 10% redeemable preference shares of Rs1, 300000, Share Premium account 200000 Profit and Loss Account 350000.

REQUIRED Prepare IqraLtd’s Profit and Loss Account for the year ended 31 December 2020 in as much detail as possible. The Profit and Loss Account should commence with the operating profit.

8. Cream Soda bottles are sold for cash at R12 per bottle. If the customer returns the bottle, he/she receives a R1.20 refund. The seller must include R10.80 in gross income for every bottle sold. 

A. True 

B. False 


Long discussion on Greenhouse gases and global warming

A tornado siren sounded from the center of town. The siren's sound wave traveled 910 meters at a constant velocity directly toward a school. It took the sound wave 2.6 seconds to travel that distance. What was the sound wave's velocity?

What are the hamstring muscles and list their four common feature

A masters thesis requires an original scientific contribution by student. How does one proceed?

A light arm 500m long, pivoted at its center, carries a 10kg mass at each end. If a couple of 3Nm is applied to the arm, calculate the angular acceleration produced.

Complete the table with relevant commonwealth legislation relevant to managing effective workplace relationships, and a brief outline of the legislation. You have been given one example.

Area of work Legislation Outline

Workplace Health

and Safety Work Health and Safety

Act 2011 (Cth) This act establishes work health and

safety duties of employees and employers,

in eliminating or minimizing risks,

consulting with workers and seeking

their representation and participation relating

to work health and safety matters.



Equal opportunities

for everyone

Equal opportunities for

the disabled

Equal opportunities for

people with diverse

nationalities or racial


Equality between men

and women

breifly describe the role of the following, in no more than 40 words each:

a. fair work ombudsman.

b. australian human rights commission.

c. WHS management system.

what are the benefits of a diverse workplace? mention at least three benefits each for the employer as well as employees.

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