Free step-by-step Accountancy solutions · Class 11 & 12 · CBSE & ISC📚 Books & Courses▶ YouTube📱 Get the app
TS GrewalDK GoelNotesMCQSample PapersSyllabusCareer

[ISC] Q. 63 Solution of Share Capital TS Grewal ISC 2023-24 Edition

Question 63 of 79Chapter 7Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 63, Chapter 7 Joint Stock Company – Issue of Share Capital, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.

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

Question 63

Prem Ltd. forfeited 90 shares of ₹ 10 each issued at a premium of 20% to Ram who had applied for 108 shares, for non-payment of the allotment money of ₹ 5 per share (including premium) and the first and final call of ₹ 5 per share. Out of these 30 shares were reissued to Shyam credited as fully paid for ₹ 9 per share. Give Journal entries to record forfeiture and reissue of shares assuming that Prem Ltd. followed the policy of adjusting excess application money towards other sums due on shares.

TS Grewal Class 12 Issue of Share Capital Question 63

Solution

Solution of Q 63 Issue of Share Capital TS Grewal 2023-24 part 1
Solution of Q 63 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 63 Issue of Share Capital TS Grewal 2023-24 part 3
🤔 Doubt in this solution? Ask Vijay Sir below ↓✓Check your preparation for this chapterIssue of Share Capital · MCQs with answers · Class 12Take the MCQ test →

Books & e-booksAll commerce books in one storePrinted books and PDFs for Class 11 and 12.Browse books

Stuck on this question? Ask Vijay Sir

Be the first to ask on this question.
LEAVE A REPLY

Ask your doubtFree. Vijay Sir replies here and you get an email when he does.

0 / 1500

🔒 No spam. Your email is never shown.

All questions of Chapter 7

12345678910111213141516171819202122232425262728293031323334353637383940414243444546474849505152535455565758596061626364656667686970717273747576777879

Orange = this question · Grey = already opened.

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.

Get free help