SECTION A Total 20 Marks Continued SECTION - Answer ALL questions Question B1-B4 (8D MARKS): Question 81 a) The biggest difference of company's statement of financial position from sole trader accounts is the "inanced by section including items such as Share Capital, Share Premium account. Revaluation reserves and Retained Earnings that make up total equity of the company Following table is the financed by/total equity section of Rocky pic for three years 2017-2018 Total Equity Section 2017 (COD) 2018 (6000) 2019 (6000) Share Capital 200,000 shares E1 each) 200 ($00,000 shares@1 each) 500 500 Share Premium account (200,000 shares @ 61 each) 60 (500,000 sharest each) 150 150 Revaluation reserves 100 120 160 Retained Earnings 150 215 180 Total Equity 510 sas REQUIREMENTS Analyse the changes in each tem of total equity over three year's period 2017-2019. 12 marks ) A company may have several different types of asset, but only one asset is vital and that is Cash REQUIREMENTS Explain why cash is an important asset for the business 2 marks in Why cash is different from profit if you buy or sell on credit? Explain by giving two examples 6 marks TOTAL Question B1 20 MARKS Continued