On 31st March,2011, the Balance sheet of ABC. Ltd. stood as follows:
Year of Exam- 2011
Question Paper -1
Question number-4-a
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Question –
| Particulars | Amount (₹) | Particulars | Amount (₹) |
| Authorised Shares Capital –
250,000 shares of ₹10 each |
25,00,000 | Net Block | 9,50,000 |
| Issued, Called up and paid up capital : 130,000 Equity Shares of ₹10each, ₹8 called up & paid up. | 10,40,000 | Investment at Cost | 8,50,000 |
| General Reserve | 6,50,000 | Current Asset | 4,27,000 |
| Particulars | Amount (₹) | Particulars | Amount (₹) |
| Profit & Loss (Cr.) | 2,50,000 | Bank & Cash Balance | 1,11,000 |
| Share Premium A/c | 1,75,000 | ||
| Asset Revaluation A/c | 1,00,000 | ||
| Investment Fluctuation Fund | 73,000 | ||
| Statutory Reserve | 25,000 | ||
| Other Liabilities | 25,000 | ||
| 23,38,000 | 23,38,000 |
The company has passed necessary resolution and complied with other formalities to issue Bonus Shares to its shareholders in the ratio of 3:5. You are required to give effect to the Bonus scheme and show the Balance Sheet after issue of Bonus Shares.
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