Accounting 9706 · AS & A Level · Preparation of financial statements

Preparation of financial statements — practice question

The financial statements of a limited company provide the following details. Ordinary shares: $1200000$ General reserve: $120000$ Retained earnings: $710000$ $8\%$ debentures: $400000$ Calculate the value of total equity.

  • A$1910000
  • B$2030000
  • C$2310000
  • D$2430000

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