Accounting 0452 · IGCSE · Limited companies

Limited companies — practice question

At the beginning of the year, V Limited had $45750$ total equity, with $10750$ of this being retained earnings. By the end of the year, the company had moved $1000$ into general reserve, paid a dividend of $2800$ and recorded a profit for the year of $4995$. What was the total equity at the end of the year?

  • A$36 195
  • B$46 945
  • C$47 945
  • D$48 945

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