(a)[9]
Prepare the ledger accounts below for the year ended 31 December 2024.
(b)[2]
State two characteristics of capital reserves.
(c)[4]
State two differences between a rights issue of shares and an issue of debentures.
Accounting 9706 · AS & A Level · The accounting system
The accounting system — practice question
The balances below were extracted from the books of W Limited on 1 January 2024, together with details of transactions for the year ended 31 December 2024.