7. (Treatment of Reserve and Surplus/Bonus Shares Issued)
General Reserve
3,00,000
Capital Reserve
2,40,000
Securities Premium Reserve
12,60,000
Surplus in Statement of Profit and Loss (Opening)
(21,60,000)
During the Current year company earned 14,40,000. Bonus Shares worth 9,00.000
were issued out of Securities Premium Reserve.
Prepare Balance Sheet.
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A, B and C were partners in a firm sharing profits in the ratio of 3 : 2 : 1. ... 2,00,000. During the year the firm earned a profit of Rs. 84,000. ... To Securities Premium Reserve
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