AT THE HEART OF THE ROAD TRANSPORT INDUSTRY.

Call our Sales Team on 0208 912 2120

EAST KENT" EARNS HIGHER PROFIT

6th December 1935, Page 56
6th December 1935
Page 56
Page 56, 6th December 1935 — EAST KENT" EARNS HIGHER PROFIT
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.

Which of the following most accurately describes the problem?

I N the year ended September 30, 1935, the East Kent Road Car Co., Ltd., benefited by improved trade generally, and a profit of £49,378 on the year's working was revealed, after making provision for depreciation. After adding the balance brought into the accounts (£12,500) and deducting £9,750 for the dividend on the preference shares for the nine months ended June 30, 1935, there is a balance of £52,129. Of this sum, the general reserve received £8,000, whilst a dividend on the preference shares for the three months to complete the year to September 30 last takes £3,250, and a dividend of 8 per cent, per annum on the ordinary shares accounts for £28,000. After deducting these amounts, £12,879 remains to be carried forward.