Subsection 5.3. Limited companies for Accounting, O Level - revisedeck

5.3. Limited companies

A subsection of Accounting, 7707, through 5. Preparation of financial statements

Listing 10 of 37 questions

What is meant by the term equity?

7707_s23_qp_12

MCQ

2023

Paper 1, Variant 2

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A company supplied the following information. $ issued and paid up share capital general reserve long-term bank loan retained earnings 6% debentures What is the total equity?

7707_s24_qp_11

MCQ

2024

Paper 1, Variant 1

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Which items would appear in the statement of changes in equity of X Limited for the year ended 30 June 2020?

7707_s24_qp_12

MCQ

2024

Paper 1, Variant 2

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Z Limited provided the following information. $ 5% debentures 50 000 general reserve 25 000 issued ordinary share capital 300 000 retained earnings 75 000 short-term bank loan 10 000 What was the equity?

7707_w20_qp_13

MCQ

2020

Paper 1, Variant 3

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BCD Limited provided the following information. $ ordinary shares 300 000 retained earnings 200 000 debentures 170 000 How much was the equity and the capital employed?

7707_w21_qp_13

MCQ

2021

Paper 1, Variant 3

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What is included in the equity of a limited company?

7707_w22_qp_12

MCQ

2022

Paper 1, Variant 2

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Z Limited has the following types of equity and liabilities. debentures general reserves long-term bank loan ordinary share capital preference share capital (non-redeemable) retained earnings What is included in the company’s shareholders’ equity?

7707_w23_qp_12

MCQ

2023

Paper 1, Variant 2

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X Limited provided the following information. $ ordinary share capital general reserve retained earnings 8% debenture What was the total of the equity?

7707_w24_qp_12

MCQ

2024

Paper 1, Variant 2

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At the start of the year, V Limited had $45750 total equity, of which $10750 was retained earnings. At the year end, the company had transferred $1000 to general reserve, paid a dividend of $2800 and made a profit for the year of $4995. What was the total equity at the end of the year?

7707_w24_qp_13

MCQ

2024

Paper 1, Variant 3

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Which item is shown...

7707_s20_qp_11

MCQ

2020

Paper 1, Variant 1

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Questions Discovered

37