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

Preparation of financial statements — practice question

Which of the following are revenue reserves? 1. General reserve 2. Retained earnings 3. Revaluation reserve 4. Share premium account

  • A1 and 2
  • B1 and 3
  • C2 and 4
  • D3 and 4

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI