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EnglandAccountingQuick questions
3.1 Financial accounting
Quick questions on Limited company accounts: share capital, reserves and dividends - AQA A-Level Accounting
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
State the difference between an ordinary share and a debenture. [2 marks] An ordinary share is part-ownership earning a variable dividend; a debenture is a loan earning fixed interest that is an expense.
What is q2?Show answer
Shares with a nominal value of are issued for . State where the extra is recorded. [1 mark] In the share premium account.
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