A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2014 · Q151 Mark

The following balances are extracted from the books of Juno Limited. 30 April 2014 $ 30 April 2013 $ ordinary shares of $0.50 each 700000 500000 share premium 90 000 50000 How many ordinary shares have been issued during the year ended 30 April 2014?

A200 000

B240 000

C400 000

D480 000

✓ Correct answer

C: 400 000

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill Preparation of financial statements and see which topics are most likely to come up next.

About this question

Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2014 Paper 1 Variant 2, question 15.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Accounting questions

Preparation of financial statementsFeb/Mar 20171m

The table shows transactions relating to a product during July. There was no opening inventory. Purchased: 50 units …

Preparation of financial statementsFeb/Mar 20171m

Why is goodwill adjusted in the books of account when a new partner is admitted?

Preparation of financial statementsFeb/Mar 20171m

A partnership revalues its non-current assets upwards. What are the ledger entries to record this?

Analysis and communication of accounting informationFeb/Mar 20161m

The following ratios have been calculated for two businesses, both with the same revenue of $100000. X Y gross margin…

Traditional costing methodsFeb/Mar 20161m

A production centre uses 20000 machine hours and 17000 labour hours each month. Which formula is used to calculate th…

Traditional costing methodsFeb/Mar 20161m

The following information is available. budget actual overheads $60000 $66 000 direct labour 30 000 hours 35 000 hour…

← Browse all past-paper questions