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O-LevelAccountingPreparation of financial statements7707/12 · Oct/Nov 2018 · Q221 Mark

Which items are included in the equity section of the statement of financial position of a limited company?

Aordinary shares, retained earnings, debentures and current liabilities
Bordinary shares, retained earnings and debentures only
Cordinary shares and retained earnings only
Dordinary shares only

✓ Correct answer

C: ordinary shares and retained earnings only

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About this question

Topic
Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2018 Paper 1 Variant 2, question 22.

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