The summarised balance sheet of Ousby Ltd at 31 October 20*8 is given. The non-current assets were

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The summarised balance sheet of Ousby Ltd at 31 October 20*8 is given.

The non-current assets were revalued at £400,000 on 1 November 20*8.

Required

Prepare the balance sheet of Ousby Ltd at 1 November 20*8 after the non-current assets were revalued.

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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 Ousby Ltd at 31 October 20*8 is given. The non-current assets were

Question:

Non-current assets at cost Current assets Bank Current liabilities Shareholders' equity Ordinary shares of 10 pence each Retained earnings £ 40,000 8,000 48,000 36,000 £ 250,000 12,000 262,000 200,000 62,000 262,000

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Balance Sheet of Ousby Ltd at 1 November 208 Assets Liabilities and Equity NonCurrent Assets Curr...View the full answer

Introducing Accounting For AS

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