Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

The statement of changes in equity basically shows the movement of:

user-image
Question added by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group
Date Posted: 2015/06/01
Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option D is the right answer.

Jiju Oommen
by Jiju Oommen , ERP Software Consultant , Simplex IT Solutions

Statement of Changes in Equity(aka Statement of Retained Earnings) provides the details the change in owners' equity over an accounting period by presenting the movement in reserves comprising the shareholders' equity.

All the given options shows the movement regarding Owner's equity.

So the answer would be "D"

Zehab Osman
by Zehab Osman , Accountant , Aldar Consultancy Co.

D)  All of the given options

 

As all types of reserves are part of equity.

RUMMAN HASSAN
by RUMMAN HASSAN , Accounts Payable , Unawatuna Boutique Resort (Pvt) Ltd

statement of changes in equity basically shown during the year changes in equity items that mean profit ,share capital,reserves, reevaluation gain/loss,etc.Answer-D 

Muhammad Ramzan Tufail  ACCA
by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group

(A) is the right Ans.

 

Share Capital During the Year.

 

Jiju Good Job........

More Questions Like This