Question 28 Following items appear in the Trial Balance of Saral Ltd. as on 31st March, 2014 Particulars Amount (2) 4,50,000 90,000 40,000 Capital Redemption Reserve 30,000 General Reserve 1,05,000 Profit and Loss Account (Cr. Balance) 65,000 The company decided to issue to equity shareholders bonus shares at the rate of 1 share for every 3 shares held. Company decided that there should be the minimum reduction in free reserves Pass necessary Journal Entries in the books Saral Ltd. 4,500 Equity Shares of 100 each Capital Reserve (including 40,000 being profit on sale of Plant) Securities Premium