Accounting Online Program Certification Practice Test 2026 - Free Certification Practice Questions and Study Guide

To determine the balance on the asset register after the sale of the non-current asset, it is important to understand how the sale of an asset affects the asset register.

When an asset is sold, its original cost is removed from the asset register. In this case, the non-current asset originally cost £15,000. After selling this asset for £4,000, you need to subtract the original cost of £15,000 from the asset register.

If the balance on the asset register was previously higher, it would reflect the value of all other assets plus the asset being sold. However, once the asset is removed, the registered value will decrease by the cost of that asset.

For example, if you start with a theoretical total of £75,000 on the asset register, subtracting the asset’s cost of £15,000 results in a new balance of £60,000. After analyzing the choices, £63,000 is likely the correct balance. Keeping this context in mind, the balance of £62,210 does not align with the scenario presented, as it does not reflect the removal of the asset valuation in the correct manner.

Therefore, the correct answer, aligning with the understanding of how asset registers work, should directly reflect