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OR The balance sheet of ABCLtd. as on 31 March 201 was as follows: Liabilities Amount(Rs.) Asset Amount(Rs.) 4000 equity shares 4,00,000 Goodwill 15000 of Rs 100 each fully paid 2000 5% preference 2,00,000 Freehold Asset 2,00,000 shares of Rs. 100 Premises each fully paid 6% Debentures 1,00,000 Plant and Machinery 3,00,000 Bank Overdraft 35,000 Stock in Trade 50.000 Sundry creditors 1,00,000 Sundry Debtors 40,000 Cash in Hand 5000 Profit and Loss A/C 2.25.000 Total 835000 Total 8.35,000 The company has got the following scheme of capital reduction approved by the court. a. Preference shares to be reduced to Rs 60 per share fully paid up and equity shares to Rs.40 per share fully paid up b. The debenture holders to take over stock in trade and book debts in full satisfaction of the Punt Arto them Immersive Reader b. The debenture holders to take over stock in trade and book debts in full satisfaction of the amount due to them c. The value of freehold premises to be increased by 10% d. The value of plant and machinery to be depreciated by 33 1/3 %. e. The goodwill account to be eliminated f. Expenses of reconstruction amounted to Rs.4000. Journalize the transactions and prepare the balance sheet after reconstruction Instructions for the students:- 1. Please write your Name, Enrohihent no & Course code while saving your PDF file (answer sheet) 2. Mention your Name, Eurolment No & course code on the top right corner on every page of your answer sheet