O-LevelAccountingPreparation of financial statements7707/12 · Oct/Nov 2024 · Q241 Mark

X Limited provided the following information. ordinary share capital 300 000 general reserve 50 000 retained earnings 35000 8% debenture 60 000 What was the total of the equity?

A$335000

B$350 000

C$385000

D$445 000

✓ Correct answer

C: $385000

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Topic: Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2024 Paper 1 Variant 2, question 24.

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