O-LevelAccountingPreparation of financial statements7707/11 · Oct/Nov 2015 · Q251 Mark

Zed Limited provided the following information. $ issued and paid up share capital | 200000 general reserve | 30000 retained earnings | 15000 10% debentures | 20000 What were total shareholders' funds?

A$215000

B$230000

C$245000

D$265000

✓ Correct answer

C: $245000

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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 25.

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