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O-LevelAccountingPreparation of financial statements7707/11 · May/June 2020 · Q251 Mark

Which item is shown in the income statement of a company and statement of changes in equity?

Ainterest on debentures accrued
Bordinary share dividend paid
Cprofit for the year
Dtransfer to general reserve

✓ Correct answer

C: profit for the year

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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 2020 Paper 1 Variant 1, question 25.

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