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Cambridge IGCSE Accounting

5.3Limited companies

Limited companies in Cambridge IGCSE Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic40 practice questions2 lessons

Learning objectives

What the syllabus expects you to be able to do.

  1. 5.3.1Explain limited liability, equity, the capital structure and the features of shares and debentures.
  2. 5.3.2Prepare a statement of profit or loss, a statement of changes in equity and a statement of financial position for a limited company.

Lessons

  • Financial statements of limited companies

    45 min

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  • Limited companies: share capital and loan capital

    35 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

Limited companies: sample question

1 mark

The directors transfer US$20,000 from retained earnings to the general reserve. What is the effect on total equity?

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Turn Limited companies into a strength.

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