A-LevelAccountingCompany AccountsMay/June 2018Paper 1 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
The correct answer is D. This question tests the candidate's understanding of company accounts 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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