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(1) Being Amount Written Off From Share Capital Account
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Debit
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Credit
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Share Capital Account
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XXX
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Capital Reduction Account
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XXX
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(2) Being Reserves Utilized For Capital Reduction Scheme
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Debit
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Credit
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Reserve Account
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XXX
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Capital Reduction Account
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XXX
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(3) Being Amount Written Off From Accumulated Losses
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Debit
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Credit
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Capital Reduction Account
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XXX
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Profit & Loss Account
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XXX
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(4) Being Amount Written Off On Assets On Revaluation
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Debit
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Credit
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Capital Reduction Account
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XXX
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Various Relevant Assets
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XXX
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(5) Being Surplus Upon Revaluation Of Assets
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Debit
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Credit
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Various Relevant Assets
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XXX
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Capital Reduction Account
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XXX
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(6) Being shares issued to settle liabilities
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Debit
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Credit
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Various Relevant Liabilities
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XXX
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Capital Reduction Account
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XXX
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(7) Being new shares issued in lieu of preference dividends in arrears
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Debit
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Credit
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Capital Reduction Account
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XXX
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Share Capital Account
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XXX
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(8) Being expenses incurred during the Capital Reduction.
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Debit
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Credit
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Capital Reduction Account
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XXX
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Cash/Bank Account
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XXX
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(9) Being difference(rounding) re: net credits transferred to Capital Reserve Account.
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Debit
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Credit
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Capital Reduction Account
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XXX
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Capital Reserve Account
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XXX
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