Wong Ltd provides the following summarised balance sheet at 31 December 20*8: The non-current assets were revalued
Question:
Wong Ltd provides the following summarised balance sheet at 31 December 20*8:
The non-current assets were revalued on 1 January 20*9 at £210,000.
Required
Prepare a summarised balance sheet at 1 January 20*9 after revaluing the non-current assets.
Transcribed Image Text:
Non-current assets at cost Current assets Bank Current liabilities Shareholders' equity Ordinary shares of 10 pence each Profit and loss account £ 42,000 2,000 44,000 24,000 £ 30,000 20,000 50,000 40,000 10,000 50,000
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