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A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2023 · Q191 Mark

Which reserves are revenue reserves? 1 general reserve 2 retained earnings 3 revaluation reserve 4 share premium account

A1 and 2
B1 and 3
C2 and 4
D3 and 4

✓ Correct answer

A: 1 and 2

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About this question

Topic
Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source
A-Level Accounting, Oct/Nov 2023 Paper 1 Variant 2, question 19.

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