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DK Goel Solutions Q 8 Chapter 6 Issue of Shares Class 12 CBSE [2023-24]

Question 8 of 77Chapter 6Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 8, Chapter 6 Accounting for Companies – Issue of Share Capital, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.

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Question 8

Kiran Textiles Ltd. issued 50,000 Equity Shares of ₹ 10 each at a premium of ₹ 4 per share and 2,000, 6% Preference Shares of ₹ 100 each at par payable as follows :

  1. On Application — Equity Shares ₹ 3.50; Pref. Shares ₹ 30
  2. On Allotment — Equity Shares ₹ 6.50 (including premium); Pref. Shares ₹ 20
  3. On First Call — Equity Shares ₹ 2; Pref. Shares ₹ 25
  4. On Final Call — Equity Shares ₹ 2; Pref. Shares ₹ 25

All these shares were fully subscribed, called-up and paid. Record these transactions in journal and cash book.

DK Goel Class 12 Issue of Shares Question 8

Solution

Solution of Q 8 Issue of Shares DK Goel 2023-24 part 1
Solution of Q 8 Issue of Shares DK Goel 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 8 Issue of Shares DK Goel 2023-24 part 3
Solution of Q 8 Issue of Shares DK Goel 2023-24 part 4
Solution of Q 8 Issue of Shares DK Goel 2023-24 part 5
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About this solution

This is Chapter 6 Accounting for Companies – Issue of Shares of DK Goel For 2024 Examinations.

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 the Accountancy Board Exam.

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