Set out below is the equity part of a companys statement of financial position. Explain the purpose

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Set out below is the equity part of a company’s statement of financial position.

Explain the purpose of each of the equity reserve accounts shown on this company’s statement of financial position.

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Introduction To Financial Accounting

ISBN: 9781526803009

9th Edition

Authors: Anne Marie Ward, Andrew Thomas

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Question Posted: Jul 15, 2022 03:28 AM

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Set out below is the equity part of a companys statement of financial position. Explain the purpose

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Equity share capital Share premium Capital redemption reserve Revaluation reserve General reserve Retained earnings 31 Apr 2010 £'000 70,000 10,000 15,000 4,850 13,500 42,450 155,800 31 Apr 20X9 £'000 70,000 10,000 3,600 10,000 35,150 128,750

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Equity share capital This represents the funds that have been raised by the company through the ...View the full answer

Introduction To Financial Accounting

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