O-LevelAccountingPreparation of financial statements7707/11 · May/June 2013 · Q261 Mark

At the end of its first year of trading, Sinola Ltd transferred $10000 to a general reserve. In which of the company's financial statements will this be shown? | | income statement | profit and loss appropriation account | balance sheet | |---|---|---|---| | A | no | no | yes | | B | no | yes | yes | | C | yes | no | no | | D | yes | yes | no |

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Ano no yes

Bno yes yes

Cyes no no

Dyes yes no

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B: no yes yes

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Topic: Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2013 Paper 1 Variant 1, question 26.

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