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O-LevelAccountingPreparation of financial statements7707/12 · May/June 2017 · Q271 Mark

Which items are shown in a statement of changes in equity?

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Achanges in share capital: shown, changes in reserves: shown, changes in long term loans and debentures: not shown
Bchanges in share capital: shown, changes in reserves: not shown, changes in long term loans and debentures: shown
Cchanges in share capital: not shown, changes in reserves: not shown, changes in long term loans and debentures: not shown
Dchanges in share capital: not shown, changes in reserves: not shown, changes in long term loans and debentures: shown

✓ Correct answer

B: changes in share capital: shown, changes in reserves: not shown, changes in long term loans and debentures: shown

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About this question

Topic
Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, May/June 2017 Paper 1 Variant 2, question 27.

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