Q. 14. (Dissenting Shareholders) The All India Company Limited agrees to acquia a going concern, the business of the Presidency Company Limited in the bas the Vendor's Balance Sheet at 31st March, 2016 which is as follows: Equity and Liabilities Amount Assets Amount Authorised Capital: Freehold property 2,50,000 25,000 shares of 50 each 12,50,000 plant and machinery | 50,000 Issued Capital Stock 3,00,000 20,000 shares of ? 50 each 10,00,000 6% Government paper 10,000 Called-up Capital Debtors 2 ,30,000 20,000 shares called-up 30 each 6,00,000 Less: Provision for Reserve fund 1,25,000 Bad Debts 10,000 2.20.000 Creditors 75,000 Bank 30,000 Profit and loss account 60,000 8,60,000 8.60.000 The All India Company Limited took over all the assets and liabilities of the vendor company, subject to the retention out of such assets of 15.000 tonn Sof