A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2012 · Q131 Mark

Which item appears in the financial statements of a limited company but not in those of a sole trader or partnership?

Adividends paid

Bother payables

Cother receivables

Dtrade payables

✓ Correct answer

A: dividends paid

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2012 Paper 1 Variant 2, question 13.

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