O-LevelAccountingPreparation of financial statementsOct/Nov 2024Paper 1 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
The correct answer is C. This question tests the candidate's understanding of preparation of financial statements within the Accountingsyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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