Following is the extract of balance sheet of Sunrise Ltd. as on 31st March, 2015: Issued and subscribed capital: 40,000, 10% Preference shares of ₹10 each fully paid - ₹4,00,000 1,80,000 Equity shares of ₹10 each, ₹7.50

In the Books of Sunrise Ltd. Journal Entries Particulars Dr. (₹) Cr. (₹) Equity Share Final Call A/c Dr. 4,50,000 To Equity Share Capital A/c 4,50,000 (Being the final call of ₹2.50 each on 1,80,000 shares) Bank A/c Dr. 4,50,000 To Equity Share Final Call 4,50,000 (Being final call money received) Security Premium A/c Dr. 40,000 Capital Reserve A/c Dr. 80,000 General Reserve A/c Dr. 2,00,000 Profit & Loss A/c Dr. 2,80,000 To Bonus to Equity Shareholders 6,00,000 (Being utilization of reserves and profit & loss balance for issue of bonus share in the ratio of 1:3) Bonus to Equity Shareholders Dr. 6,00,000 To Equity Share Holders A/c 6,00,000 (Being issue of bonus shares) Assumption: It is assumed that Balance of capital reserve (₹1,60,000 - ₹80,000) and security premium has been realized in cash.