O-LevelAccountingPreparation of financial statements7707/11 · Oct/Nov 2017 · Q261 Mark

Which is shown as loan capital in the statement of financial position of a limited company?

Abank overdraft

Bdebentures

Cordinary shares

Dpreference shares

✓ Correct answer

B: debentures

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Topic: Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2017 Paper 1 Variant 1, question 26.

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