DK Goel Solutions Q 21 Chapter 6 Issue of Shares Class 12 CBSE [2023-24]
Step-by-step solution of Question 21, Chapter 6 Accounting for Companies – Issue of Share Capital, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.
Question 21
Govind Ltd., issued a prospectus inviting applications for 20,000 shares of ₹ 10 each at a premium of ₹ 3 per share, payable as to ₹ 4 on application; ₹ 5 on allotment (including premium); ₹ 2 on First call; and ₹ 2 on Final call.
Applications were received for 27,000 shares. Directors allotted the shares as follows :
- To applicants of 16,000 shares — full allotment
- To applicants of 6,000 shares — 4,000 shares
- To applicants of 5,000 shares — Nil
Give entries in the Cash Book and Journal, assuming that all sums due on allotment and calls have been received.
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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