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Solution of Q 60 Share Capital TS Grewal 2023-24 [CBSE]

Question 60 of 104Chapter 8Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 60, 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 60

Star Ltd. forfeited 500 Equity shares of ₹ 100 each for non-payment of first call of ₹ 30 per share. The final call of ₹ 10 per share was not yet made. Out of these, 60% shares were reissued for ₹ 39,000 fully paid. Journalise the forfeiture and reissue of shares.

TS Grewal Class 12 Issue of Shares Question 60

Solution

Solution of Q 60 Issue of Shares TS Grewal 2023-24 part 1
Solution of Q 60 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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