A-LevelAccountingCompany Accounts / Capital and ReservesOct/Nov 2009Paper 1 Q151 Mark
An extract from a company's balance sheet is given. $000 issued ordinary share capital 250 issued preference shares 180 profit and loss account 320 share premium account 125 8% debentures 100 What are the ordinary shareholders' funds?
A$695 000
B$775 000
C$875 000
D$975 000
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of company accounts / capital and reserves 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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