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Solution of Q 64 Share Capital TS Grewal 2023-24 [CBSE]

Question 64 of 104Chapter 8Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 64, 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 64

Rekha holds 100 shares of ₹ 10 each on which she has paid ₹ 1 per share on application.

Sunita holds 200 shares of ₹ 10 each on which she has paid ₹ 1 and ₹ 2 per share on application and allotment respectively.

Teena holds 300 shares of ₹ 10 each and has paid ₹ 1 on application, ₹ 2 on allotment and ₹ 3 on first call.

They all fail to pay their arrears and the second call of ₹ 4 per share. Shares are forfeited and subsequently reissued @ ₹ 11 per share as fully paid-up.

Journalise the above.

TS Grewal Class 12 Issue of Shares Question 64

Solution

Solution of Q 64 Issue of Shares TS Grewal 2023-24 part 1
Solution of Q 64 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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