Capital reserves

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topcat
topcat Registered Posts: 452
in AAT Level 4 (Level 8 in Scotland)
Hello Just going over revision with fine tooth comb now. The capital reserve contains non trading activities such as share premium. To confirm would this also be share capital? I'm guessing yes.. Thanks

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  • Clintm15
    Clintm15 Registered Posts: 248 Dedicated contributor 🦉
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    Hello Topcat

    Capital reserves are the part of the balance sheet that isn't liabilities, basically equity. So yes, share premium would be included. Also retained earnings, any part of retained earnings allocated to a separate reserve and revaluation reserves.
    AAT
    Level 2 - 2011
    Level 3 - 2012
    Level 4 - 2013

    ACCA
    F4 - Corporate Law - Dec 2015 (passed)
    F5 - Performance Management - Dec 2014 (passed)
    F6 - Taxation - Dec 2013 (passed)
    F7 - Financial Reporting - Jun 2014 (passed)
    F8 - Audit & Assurance - Dec 2015 (passed)
    F9 - Financial Management - Jun 2015 (passed)
  • topcat
    topcat Registered Posts: 452
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    Hello clintm15,

    thanks a lot much appreciated :thumbup1:

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