SCE IAS 1 Flashcards
1
Q
Main columns in SCE?
A
Share capital
Share premium
Dividend paid
Total comprehensive income
2
Q
Dividend paid?
A
Deducted from dividend paid
3
Q
Share issue?
A
positive adjustment for share capital and share premium
4
Q
Revaluation surplus?
A
Added to revaluation surplus column
5
Q
Revaluation loss?
A
Deducted from revaluation surplus
6
Q
Closing profit from adjustment to profit?
A
Added to retained earnings
7
Q
Bonus issue?
A
Full amonut added to share capital (Credit share capital)
Deduct from OCE and RE (Debit)
8
Q
Reserve transfer?
A
Add to retained earnings
Deduct from revaluation surplus
