Edexcel IGCSEAccountingGeneral Applications1 Mark

The following information relates to a limited company. Issued share capital $150 000 Share premium $10 000 Retained earnings $40 000 Debentures $20 000 Which of the following is the value of the reserves? A $10 000 B $40 000 C $50 000 D $220 000

A$10 000

B$40 000

C$50 000

D$220 000

✓ Correct answer

C: $50 000

Oracle Prep sorts past-paper questions by topic, so you can drill General Applications and see which topics are most likely to come up next.

Topic: General Applications, Edexcel IGCSE Accounting. Multiple choice, 1 mark.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content