DK Goel Solutions Q 76 Chapter 6 Issue of Shares Class 12 CBSE [2023-24]
Step-by-step solution of Question 76, Chapter 6 Accounting for Companies – Issue of Share Capital, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.
Question 76
Sun Ltd. issued shares of ₹ 50 each at a premium of 20% payable as follows:
- On Application ₹ 15
- On Allotment ₹ 25 (including premium)
- On First & Final Call ₹ 20
Dev, who applied for 2,500 shares and to whom 1,000 shares were allotted on prorata basis, did not pay allotment and first & final call and his shares were forfeited. Pass entry for forfeiture of shares.
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.