The summarised balance sheet of Trosh Ltd at 31 October 20*8 is given. On 1 November 20*8
Question:
The summarised balance sheet of Trosh Ltd at 31 October 20*8 is given.
On 1 November 20*8 Trosh Ltd issued a further 200,000 ordinary shares at £1.75 each.
Required
Prepare a summarised balance sheet at 1 November 20*8 after the new shares were issued.
Transcribed Image Text:
Non-current assets at cost Current assets Current liabilities Trade payables Bank overdraft Shareholders' equity Ordinary shares of £1 each General reserve Retained earnings £ 12,000 6,000 £ 27,000 18,000 £ 360,000 9,000 369,000 300,000 50,000 19,000 369,000
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