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[ISC] Q. 31 Solution of Share Capital TS Grewal ISC 2023-24 Edition

Question 31 of 79Chapter 7Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 31, Chapter 7 Joint Stock Company – Issue of Share Capital, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.

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Question 31

Inam Urbanline Ltd. invited applications for 10,000 shares of ₹ 10 each payable as ₹ 2 on application, ₹ 3 on allotment (on 1st May, 2022), ₹ 3 on first call (on 1st October, 2022) and ₹ 2 on final call (on 1st February, 2023). All the shares were applied for and allotted. Arvind to whom 200 shares were allotted paid the total amount on his shares along with allotment money. Interest was paid to Arvind on 1st February, 2023. All amounts were duly received. Pass Journal entries.

TS Grewal Class 12 Issue of Share Capital Question 31

Solution

Solution of Q 31 Issue of Share Capital TS Grewal 2023-24 part 1
Solution of Q 31 Issue of Share Capital TS Grewal 2023-24 part 2
Stuck on this chapter?Watch it explained in the Class 12 Accounts video courseEvery chapter, step by step, by Vijay Adarsh (23 years teaching).Watch free demo
Solution of Q 31 Issue of Share Capital TS Grewal 2023-24 part 3
Solution of Q 31 Issue of Share Capital TS Grewal 2023-24 part 4
Solution of Q 31 Issue of Share Capital TS Grewal 2023-24 part 5
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About this solution

This is Chapter 7 Issue of Shares of ISC 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 Guidelines Issued by the ISC Council. Just follow our presentation of solutions and score good marks in Accountancy Exam.

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