The summarised balance sheet of Duvase Ltd at 30 November 208 is shown. On 1 December 208

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The summarised balance sheet of Duvase Ltd at 30 November 20*8 is shown.

On 1 December 20*8 Duvase Ltd issued a further 200,000 ordinary shares at £1.60 per share.

Required

Prepare a summarised balance sheet at 1 December 20*8 as it would appear after the share issue has been completed.

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Introducing Accounting For AS

ISBN: 9780340959404

2nd Edition

Authors: Ian Harrison

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Question Posted: Aug 23, 2023 04:12 AM

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The summarised balance sheet of Duvase Ltd at 30 November 20*8 is shown. On 1 December 20*8

Question:

Non-current assets at cost Current assets Bank Current liabilities Shareholders' equity Ordinary shares of £1 each Retained earnings £ 22,000 15,000 37,000 8,000 £ 120,000 29,000 149,000 100,000 49,000 149,000

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Summarised Balance Sheet of Duvase Ltd As of 1 December 208 Liabilities Assets Share Capital NonCurr...View the full answer

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The summarised balance sheet of Duvase Ltd at 30 November 208 is shown. On 1 December 208