
Which of the following is NOT normally found in the capital and reserves section of a company’s balance sheet?
Select ONE answer:
- Share premium account
- Profit and loss account balance
- Dividends payable
- Ordinary share capital
Show your workings to arrive at your answer, and explain and justify your reasons:
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This multiple-choice question is suitable for Accounting KS5 classes.
The answer is 3
- Not correct
- Not correct
- Correct – Dividends payable are a current liability.
- Not correct
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