DK Goel Solutions Q 15 Chapter 6 Issue of Shares Class 12 CBSE [2023-24]
Step-by-step solution of Question 15, Chapter 6 Accounting for Companies – Issue of Share Capital, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.
Question 15
X Ltd. issued 20,000, 7% Preference shares of ₹ 100 each at a premium of 6%. Payments were to be made as — ₹ 25 on Application; ₹ 46 on Allotment, ₹ 10 on First call and ₹ 25 on Final Call.
The applications for 18,000 shares were received and all were accepted. All the money was duly received except the first and final call on 100 shares.
Give the necessary Journal Entries. Also show the Share Capital in the Balance Sheet of the Company.
Solution
All questions of Chapter 6
Orange = this question · Grey = already opened.
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.
Stuck on this question? Ask Vijay Sir
Be the first to ask on this question.