A-LevelAccountingLimited CompaniesFeb/Mar 2017Paper 1 Q191 Mark
The following information is given in the financial statements of a limited company. Ordinary shares $1200000; general reserve $120000; retained earnings $710000; 8% debentures $400000. What is the value of total equity?
A$1910000
B$2030000
C$2310000
D$2430000
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of 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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