Assets Rs. 3,00,000 Cash 15,000 3,00,000 Profit and Loss Account 7,00,000 1,50,000 Preliminaryexpenses 20,000 ——— 25,50,000 ——— 25,50,000 ——— On the above date, the company adopted the following scheme of reconstruction : (a) The equity shares are to be reduced to ...