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Solution of Q 56 Share Capital TS Grewal 2023-24 [CBSE]

Question 56 of 104Chapter 8Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 56, Chapter 8 Accounting for Share Capital (Issue of Shares), TS Grewal Class 12 Accountancy 2023-24 for the CBSE Board.

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Question 56

The Directors of Maharana Ltd. resolved on 1st May, 2020 that 2,000 Equity Shares of ₹ 10 each, ₹ 7.50 paid be forfeited for non-payment of final call of ₹ 2.50. On 10th June, 2020, 1,800 of these shares were reissued for ₹ 6 per share. Give necessary Journal entries.

TS Grewal Class 12 Issue of Shares Question 56

Solution

Solution of Q 56 Issue of Shares TS Grewal 2023-24 part 1
Solution of Q 56 Issue of Shares TS Grewal 2023-24 part 2
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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.

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