O-LevelAccountingThe fundamentals of accounting7707/13 · Oct/Nov 2020 · Q221 Mark

Z Limited provided the following information. $ 5% debentures 50 000 general reserve 25 000 issued ordinary share capital 300 000 retained earnings 75000 short-term bank loan 10000 What was the equity?

A$325000

B$400000

C$450 000

D$460 000

✓ Correct answer

B: $400000

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Topic: The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2020 Paper 1 Variant 3, question 22.

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Z Limited provided the following information. $ 5% debentures 50 000 general reserve 25 000 issued ordinary share capital 300 000 retained earnings 75000 short-term bank loan 10000 What was the equity?

✓ Correct answer

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