Solution of Q 26 Share Capital TS Grewal 2023-24 [CBSE]
Step-by-step solution of Question 26, Chapter 8 Accounting for Share Capital (Issue of Shares), TS Grewal Class 12 Accountancy 2023-24 for the CBSE Board.
Question 26
Blue Chip Ltd. was registered on 1st January, 2023 with a capital of ₹ 10,00,000 divided into 1,00,000 shares of ₹ 10 each. The company issued 42,000 shares of which 40,000 shares were taken up by the public and ₹ 1 per share was received with application. On 1st February, 2023, these shares were allotted and ₹ 2 per share was duly received on 28th February, 2023 as allotment money. First call of ₹ 3 per share was made on 1st March, 2023 and the call money on all shares with the exception of 100 shares was received. The final call of ₹ 4 per share was made on 1st June, 2023 and the amount due, with the exception of 400 shares, was received by 30th June, 2023.
Pass necessary Journal and Cash Book entries and prepare the Balance Sheet as at 30th June, 2023.
Solution
All questions of Chapter 8
Orange = this question · Grey = already opened.
About this solution
This is Chapter 8 Share Capital of TS Grewal Edition 2023-24.
Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.
We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.
Also, we have followed the proper format and workings which are required as per CBSE Guidelines. Just follow our presentation of solutions and score good marks in Accountancy Board Exam.
Stuck on this question? Ask Vijay Sir
Be the first to ask on this question.