Which of the following items would not appear in the section of the statement offinancial position (balance sheet) headed 'Capital and reserves'?a) Share premiumb) Revaluation reservec) Preference sharesd) Debentures

A capital reserve is different from the reserve capital. The reserves are the amount set aside by a…

Answered: Which of the following items would not…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Which of the following items would not appear in the section of the statement of financial position (balance sheet) headed 'Capital and reserves'? a) Share premium b) Revaluation reserve c) Preference shares d) Debentures