In a company balance sheet equity is separated into two main categories:
A) Share capital and retained profits
B) Retained profits and reserves
C) Share capital and dividends
D) Retained profits and investments
Correct Answer:
Verified
Q30: If expenses exceed income,before it is closed,the
Q31: The retained profits balance of Go Company
Q32: R_ entries are made on the first
Q33: The statement relating to reversing entries that
Q34: The major purpose of a post-closing trial
Q35: Dividends require two accounting entries,one when the
Q36: The post-closing trial balance should contain only
Q38: The statement relating to the Profit and
Q39: Balance sheet accounts are known as permanent
Q40: On 1 January Y Company Pty Ltd
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