The balance sheet of Haulet Ltd as on 31st March, 2022 was as follows: Liabilities TZS Assets TZS 50,000, 12% Cumulative Preference Shares of TZS 10 each, fully paid 500,000 Goodwill 400,000 150,000 Equity Shares of TZS 10 each fully paid 1,500,000 Plant and Machinery 700,000 10% Debentures 300,000 Furniture and Future 200,000 Creditors 200,000 Patents 150,000

Stock 490,000 Debtors 255,000 Bank 5,000 Preliminary Expenses 8,000 Discount on issue of equity

Shares 12,000 Profit and Loss Account 280,000 2,500,000 2,500,000

The following scheme of external reconstruction was agreed upon: (i) A new company to be formed called Jamal Ltd with an authorized capital of TZS 3,250,000 in equity shares of TZS 10 each. (ii) One equity shares, TZS 5 paid up, in the new company to be allotted for each equity shares in the old company. (iii) Two equity shares, TZS 5 paid-up, in the new company to be allotted for each preference shares in the old company. (iv) Arrears of preference dividends to be cancelled. (v) Debenture holders to receive 30,000 equity shares in the new company credited as fully paid. (vi) Creditors to be taken over by the new company. (vii) The remaining unissued shares to be taken up and paid for in full by the directors. (viii) The new company to take over the old companys assets except patents, subject to writing down plant and machinery by TZS 290,000 and stock by TZS 60,000. (ix) Patents were realised by Haulet Ltd for TZS 10,000. (x) Expenses of Haulet Ltd came of TZS 10,000. Required: Show important ledger accounts in the books of Haulet Ltd.