O-LevelAccountingPreparation of financial statements7707/11 · Oct/Nov 2011 · Q251 Mark

Zed Ltd provided the following information. $ issued and paid up share capital 200 000 general reserve 30 000 retained profits 15 000 10% debentures 20 000 What was the total of Zed Ltd's shareholders' funds?

A$215 000

B$230 000

C$245 000

D$265 000

✓ Correct answer

C: $245 000

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Topic: Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2011 Paper 1 Variant 1, question 25.

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