A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2014 · Q171 Mark

Which items increase when a company issues new shares?

Aequity and bank

Bequity and current liabilities

Cintangible assets and current liabilities

Dintangible assets and equity

✓ Correct answer

A: equity and bank

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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 17.

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