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i is the Sheet of Chandu Co. Ltd. as on 31.3,2019 :, , , , Profit & Loss A/c, , , , ompan: proved unsuccessful and resolutions were passed to carry out the following scheme of, on by reduction of api, , ¢ Preference Shares be reduced to an equal number of fully paid shares of Rs. 7.50 each., , - ity shares be reduced to an equal number of fully paid shares of Rs. 6 each., ¢ amount available is to be applied to write off Preliminary expenses, Profit and Loss Account’s debit |, lance and Goodwill, and Rs. 1,25,000 to be written off from Leasehold Premises, Rs. 5,400 to be written, t from stock, Rs. 19,200 to be provided for doubtful debts, 35% should be written off from Plant and, a shinery and the balance to be used to written off patents., , Journal entries in the books of the company and prepare the Balance Sheet after the reconstruction.