1,05,000 3,53,500 Nil 29 1,10,000 Equity Shares of value Rs. 1,20,000 Rs. 10 each fully paid up 11,00,000 Current Assets, Loans 7% B Pref. Share Capital and Advances : (pending redemption) 50,000 (A) Current Assets Less: Calls in arrear 5.000 45,000 Cash at Bank Reserve and Surplus: (B) Loans and Advance Capital Reserve 1,00,000 Capital Redemption Reserve Alc 3,00,000 Share Premium 1,60,000 General Reserve 4,00,000 Profit & Loss Account 61,000 Secured Loans: 6% Debentures 2,00,000 Current Liabilities and Provisions : (A) Current Liabilities: Creditors 2,45,000 (B) Provisions : Premium payable on redemption of 5,000 B Preference Share 2.500 26,13,500 Illustration 7 The Balance Sheet of BEE CO. LTD. on 31st January, 2006 read as under: Rs. Share Capital: Freehold property Authorised: Stock 30,000 Equity Shares of Rs. 10 each 3,00,000 Debtors Issued and Subscribed Cash 20,000 Equity Shares of Rs. 10 each Balance at Bank fully paid 2,00,000 Profit and Loss Account 1,20,000 12% Debentures 1,20,000 Creditors 1,15,000 Proposed Dividends 20.000 5.75.000 At the Annual General Meeting it was resolved: 26.13.500 Rs. 1,15,000 1,35,000 75,000 30,000 2,20,000 575.000 (a) To pay the proposed dividend of 10 per cent in cash. (b) To give existing shareholders the option to purchase one Rs. 10 share at Rs. 15 for every four shares (held prior to the bonus distribution), this option being taken up by all share- holders. (c) To issue one bonus share for every four shares held