cameroon gce advanced level corporate accounting 2
cameroon gce advanced level corporate accounting 2
TALIS Ltd is a company with a share capital of 60,000,000 CFAF (6,000 shares); half of which was paid up at
formation on the 01/07/2018. According to the statutes, the Board of Directors called up the 3rd quarter of the
subscriptions on the 1st June 2019 with payment to be done by the 1st July 2019. All shareholders paid up their
contributions by the deadline.
The statutes foresee the following appropriation of profit:
– Legal reserve at the legal rate;
– Distribution of an interest of 6% to the shares;
– Endowment of an optional reserve according to the decision of the general meeting;
– The balance should be given to shareholders taking into account an eventual carried forward.
