Multiple choice

The prescribed form of the Balance Sheet requires that under the head Issued Capital, _______ should be stated.

  1. the different classes of share capital

  2. the sub-classes of preference shares

  3. Either (1) or (2)

  4. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Under the head Issued Capital should be stated if the shares are issued, then all the classes of shares. If it's preference share, then all the sub-classes of preference share should be stated. 

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