DK Goel Solutions Q 16 Chapter 6 Issue of Shares Class 12 CBSE [2023-24]
Step-by-step solution of Question 16, Chapter 6 Accounting for Companies – Issue of Share Capital, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.
Question 16
Shipra Limited invited applications for 80,000 shares of ₹ 10 each payable as follows :
- ₹ 2.50 on Application (on 1st May, 2021);
- ₹ 2.50 on Allotment (on 1st June, 2021);
- ₹ 2 on First Call (on 1st Nov., 2021); and
- ₹ 3 on Second Call (on 1st Feb., 2022)
All the shares were applied and allotted. Shankar, holding 600 shares paid the whole of the amount alongwith allotment.
Pass Cash Book and Journal entries assuming that books are closed on 31st March every year.
Solution
All questions of Chapter 6
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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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