Following is the extract of the Balance Sheet of Puri Ltd. as at 31 st March, 2024 Authorised capital: ₹ 15,000 12% Preference shares of 10 each…

Journal Entries in the books of Puri Ltd. Date Particulars Dr. (₹) Cr. (₹) 1-4-2024 Equity share final call A/c Dr. 2,70,000 To Equity share capital A/c 2,70,000 (For final calls of 2per share on 1,35,000 equity shares due as per Board’s Resolution dated….) 20-4-2024 Bank A/c Dr. 2,70,000 To Equity share final call A/c 2,70,000 (For final call money on 1,35,000 equity shares received) Securities Premium A/c Dr. 37,500 Capital Reserve A/c Dr. 60,000 General Reserve A/c Dr. 1,80,000 Profit and Loss A/c Dr. 60,000 To Bonus to shareholders A/c 3,37,500 (For making provision for bonus issue of one share for every four shares held) Bonus to shareholders A/c Dr. 3,37,500 To Equity share capital A/c 3,37,500 (For issue of bonus shares) Extract of Balance Sheet as at 30th April, 2024 (after bonus issue) Particulars ₹ Authorised Capital 15,000 12% Preference shares of 10each 1,50,000 1,83,750 Equity shares of 10each (W.N.2) 18,37,500 Issued and subscribed capital 12,000 12% Preference shares of 10each, fully paid 1,20,000 1,68,750 Equity shares of 10each, fully paid (Out of above, 33,750 equity shares @10 each were issued by way of bonus) 16,87,500 Reserves and surplus Profit and Loss Account 2,40,000 Working Notes: The authorized capital should be increased as per details given below: Particulars ₹ Existing authorized Equity share capital 15,00,000 Add: Issue of bonus shares to equity shareholders (25% of 13,50,000) 3,37,500 18,37,500