A-LevelAccountingCompany Accounts (Limited Companies)Feb/Mar 2016Paper 1 Q181 Mark
A company issues one million ordinary shares of $1 each at $1.30 per share. It also issues a debenture for $500000. What is the increase in the equity of the company?
A$1000 000
B$1300000
C$1500000
D$1800000
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of company accounts (limited companies) 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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