[ISC] Q. 27 Solution of Share Capital TS Grewal ISC 2023-24 Edition

Hindustan Ltd. issued 10,000 Equity Shares of ₹ 100 each, payable ₹ 25 on application, ₹ 35 on allotment (including ₹ 10 for premium) and the balance on first and final call. Applications were received for 12,000 shares, 2,000 of which were returned. The shares were fully called-up. All moneys, except the final call money on 2,000 shares, were received.

You are required to show (i) Bank Account; (ii) Equity Shares Application Account; (iii) Equity Shares Allotment Account; (iv) Equity Shares First and Final Call Account; (v) Securities Premium Account; (vi) Equity Share Capital Account; and (vii) Calls-in-Arrears Account.