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DK Goel Solutions Q 41 Chapter 6 Issue of Shares Class 12 CBSE [2023-24]

Question 41 of 77Chapter 6Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 41, 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 41

Journalise the following :

  1. (i) A Ltd. forfeited 1,000 shares of ₹ 10 each, ₹ 8 paid, for non-payment of final call of ₹ 2 per share. Out of these, 400 shares were re-issued as fully paid-up in such a way that ₹ 2,000 were transferred to capital reserve.
  2. (ii) B Ltd. forfeited 1,000 shares of ₹ 10 each, ₹ 8 called-up, for non-payment of Allotment of ₹ 2.50 per share and first call of ₹ 3 per share. Out of these, 400 shares were re-issued for ₹ 7 per share as ₹ 8 paid-up.
  3. (iii) C Ltd. forfeited 300 shares of ₹ 10 each on which ₹ 7 has been called and ₹ 5 has been paid. Out of these, 100 shares are re-issued for ₹ 6 per share as ₹ 7 paid-up.
DK Goel Class 12 Issue of Shares Question 41 part 1
DK Goel Class 12 Issue of Shares Question 41 part 2

Solution

Solution of Q 41 Issue of Shares DK Goel 2023-24 part 1
Solution of Q 41 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 41 Issue of Shares DK Goel 2023-24 part 3
Solution of Q 41 Issue of Shares DK Goel 2023-24 part 4
Solution of Q 41 Issue of Shares DK Goel 2023-24 part 5
12th Accounts Revision Book
Solution of Q 41 Issue of Shares DK Goel 2023-24 part 6
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12th Accounts Revision Book

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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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