=+ (f) The Share Capital is to be reduced by cancelling as unrepresented by assets 3/4d per
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(f) The Share Capital is to be reduced by cancelling as unrepresented by assets 3/4d per share of the Preference Shares and 3/- per share of the Ordinary Shares. The Profit & Loss Account Balance is to be wiped out.
The scheme is carried out and the issue for cash is all subscribed.
Show Journal entries for the translation and the Balance Sheet on completion.
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