O-LevelAccountingPreparation of financial statements7707/12 · Oct/Nov 2013 · Q251 Mark
A limited company has an issued share capital of 100000 ordinary shares of $1 each of which 50000 are fully paid. There are also debentures of $2000. On 1 January 2012 the retained profits were $2500. Profit retained for the year ended 31 December 2012 was $1600. What was the total of the shareholders' funds on 31 December 2012?
A$54 100
B$56 100
C$104 100
D$106 100
✓ Correct answer
A: $54 100
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