A-LevelAccountingPreparation of financial statements9706/12 · May/June 2018 · Q151 Mark

Which company reserves may not be used to pay dividends? 1 general reserve 2 retained earnings 3 revaluation reserves 4 share premium

A1, 2 and 3

B1 and 2 only

C2 and 3 only

D3 and 4

✓ Correct answer

D: 3 and 4

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2018 Paper 1 Variant 2, question 15.

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