The Summary Balance Sheet of ABC Ltd. as on 31st March, 2025 read as under : Liabilities Amount Assets Amount Share Capital: Freehold property 1,15,000 Authorized share Capital: Stock 1,35,000 40,000 Equity Shares of ₹10

Answer 3(a) Journal of ABC Ltd. Particulars LF Dr. (₹) Cr. (₹) Bank A/c Dr. 75,000 To Equity Shareholders A/c 75,000 (Application money received on 5,000 shares @ ₹15 per share to be issued as rights shares in the ratio of 1:4) Equity Shareholders A/c Dr. 75,000 To Equity Share Capital A/c 50,000 To Securities Premium A/c 25,000 (Share application money on 5,000 shares @ ₹10 per share transferred to Share Capital Account, and ₹5 per share to Securities Premium Account vide Board's Resolution dated....) Securities Premium A/c Dr. 25,000 Profit & Loss A/c Dr. 25,000 To Bonus to Shareholders A/c 50,000 (Amount transferred for issue of bonus shares to existing shareholders in the ratio of 1:4 vide General Body's resolution dated...) (refer note below) Bonus to Shareholders A/c Dr. 50,000 To Equity Share Capital A/c 50,000 (Issue of bonus shares in the ratio of 1:4 vide Board's resolution dated....) 12% Debentures A/c Dr. 1,20,000 Premium Payable on Redemption A/c @ 3% Dr. 3,600 To Debenture holders A/c 1,23,600 (Amount payable to debentures holders) Profit & Loss A/c Dr. 3,600 To Premium Payable on Redemption A/c 3,600 (Premium payable on redemption charged to Profit & Loss A/c) Debenture holders A/c Dr. 1,23,600 To Bank A/c 1,23,600 (Amount paid to debenture holders on redemption) Note: The number of bonus shares issued has been calculated on the basis of issued capital before rights issued i.e., 20,000 shares (and not 25,000 shares after rights issue). Balance Sheet of ABC Ltd. as on...... (After completion of transactions) Particulars Note No. Amount (in ₹) I. Equity and liabilities (1) Shareholder's Funds (a) Share Capital 1 3,00,000 (b) Reserves and Surplus 2 91,400 (2) Current Liabilities (a) Trade payables 1,15,000 Total 5,06,400 II. Assets (1) Non-current assets (a) Fixed assets (i) Tangible Assets 3 1,15,000 (2) Current assets (a) Inventories 1,35,000 (b) Trade receivables 75,000 (c) Cash and bank balances 4 1,81,400 Total 5,06,400 Notes to Accounts Amount (in ₹) Amount (in ₹) 1. Share Capital 30,000 shares of ₹10 each fully paid 3,00,000 (5,000 shares of ₹10 each, fully paid issued as bonus shares out of securities premium and P&L Account) 2. Reserve and Surplus Profit & Loss Account (1,20,000 - 3,600) 1,16,400 Less: Utilization for issue of bonus shares (25,000) 91,400 3. Tangible assets Freehold Property 1,15,000 4. Cash and bank balances Cash at Bank (2,00,000 + 75,000 - 1,23,600) 1,51,400 Cash in Hand 30,000 1,81,400