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O-LevelAccountingPreparation of financial statements7707/12 · Oct/Nov 2022 · Q221 Mark

What is included in the equity of a limited company? ordinary share capital retained earnings debentures general reserve A ✓ ✓ ✓ B ✓ ✓ C ✓ ✓ ✓ D ✓ ✓ ✓ ✓

Aordinary share capital, retained earnings, general reserve
Bordinary share capital, retained earnings
Cordinary share capital, debentures, general reserve
Dordinary share capital, retained earnings, debentures, general reserve

✓ Correct answer

A: ordinary share capital, retained earnings, general reserve

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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 2022 Paper 1 Variant 2, question 22.

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