Page 381 - AAAXII

M.364 An Aid to Accountancy—CBSE XII

Additional Information:

(i) During the year, Machinery costing ` 20,000 (accumulated depreciation of ` 15,000)
was sold for ` 12,000.

(ii) During the year, Non-current Investment were sold at a profit of 20%, which is
transferred to Capital Reserve.
(iii) Debentures were redeemed at a premium of 5% on 1st April, 2017.
(iv) Tax of ` 15,000 was paid during the year.
(v) 5,000 Equity Shares of ` 10 each were issued at a premium of 10% on 1st
October, 2017 and expenses incurred on issue of such shares amounted to ` 5,000.
These expenses were written off during the year from Securities Premium
Reserve. (6)