Accounting 0452 · IGCSE · Limited companies

Limited companies — practice question

Z Limited supplied 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 amount of equity was there?

  • A$\$325\,000$
  • B$\$400\,000$
  • C$\$450\,000$
  • D$\$460\,000$

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