The components of equity generally recognised by companies in a balance sheet are:
I.Provisions.
II.Debentures
III.Share capital.
IV.Other reserves.
V.Retained earnings.
A)I,II and III only
B)I,III,IV and V only
C)II,III and V only
D)III,IV and V only.

Question

Quizplus · Accepted Answer

Share capital, other reserves, and retained earnings are components of equity. Provisions and debentures are liabilities, not equity.

The Components of Equity Generally Recognised by Companies in a Balance