Accounting 0452 · IGCSE · Limited companies

Limited companies — practice question

X Limited gave the details below: ordinary share capital $300\,000$ general reserve $50\,000$ retained earnings $35\,000$ $8\%$ debenture $60\,000$ What was the amount of equity in total?

  • A$335\,000$
  • B$350\,000$
  • C$385\,000$
  • D$445\,000$

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