This assignment provides a detailed solution to an accounting case study, focusing on shares, debentures, and non-current assets. The solution outlines the process of calculating the market values of assets, including buildings and equipment, and determining impairment losses. It includes journal entries for impairment losses, depreciation, and the purchase of plant. The solution covers journal entries for share applications, allotments, calls, forfeited shares, reissued shares, and the transfer of money to ordinary share capital. This document provides a comprehensive guide to understanding the accounting principles involved in these financial transactions, offering a practical application of accounting standards and procedures. The solution is designed to assist students in understanding and applying accounting principles to real-world scenarios.