O-LevelAccountingPreparation of financial statements7707/11 · May/June 2019 · Q231 Mark
A limited company provided the following information. $ 1 January ordinary shares of $1 each 200 000 retained earnings 12000 31 December profit for the year 43000 transfer to general reserve 10000 A dividend of 10% on ordinary shares was paid during the year. What were the retained earnings on 31 December?
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
A$13000
B$23.000
C$25000
D$35000
✓ Correct answer
A: $13000
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