O-LevelAccountingPreparation of financial statements7707/12 · Oct/Nov 2013 · Q181 Mark

BCD Limited provided the following information. $ ordinary shares 300 000 retained earnings 200 000 debentures 170 000 How much was the equity and the capital employed? equity $ capital employed $

A300 000 470 000

B300 000 670 000

C500 000 470 000

D500 000 670 000

✓ Correct answer

D: 500 000 670 000

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, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2013 Paper 1 Variant 2, question 18.

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 statementsMay/June 20101m

A sports club had the following assets and liabilities. $ trade payables (creditors) for refreshments 750 bank 1870 d…

Preparation of financial statementsMay/June 20101m

A sports club was formed on 1 January 2009. During the year ended 31 December 2009 the club purchased equipment costi…

Preparation of financial statementsMay/June 20101m

Barry's sales for his first year of trading were $55 000. His gross profit margin was 20%. The closing inventory (sto…

The fundamentals of accountingMay/June 20121m

A trader provided the following information. $ non-current assets 25 000 current assets 12 000 current liabilities 9 …

Accounting proceduresMay/June 20121m

At the end of his financial year Tom owes $150 rent. How will the adjustment for this amount affect Tom's financial s…

Sources and recording of dataMay/June 20121m

Amina and Sabena are in partnership. How is interest on drawings recorded in the ledger?

← Browse all past-paper questions