O-LevelAccountingPreparation of financial statements7707/11 · Oct/Nov 2015 · Q241 Mark

Which item would not be entered in a statement of changes in equity?

Aissue of ordinary shares

Bordinary share dividend proposed

Cprofit for the year

Dtransfer to general reserve

✓ Correct answer

B: ordinary share dividend proposed

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Topic: Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2015 Paper 1 Variant 1, question 24.

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