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Q.19 Solution Accounting for Share Capital TS Grewal Book Class 12 CBSE

Question 19 of 110Chapter 8Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 19, Chapter 8 Accounting for Share Capital (Issue of Shares), TS Grewal Class 12 Accountancy 2024-25 for the CBSE Board.

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Question 19

Authorised capital of Suhani Ltd. is ₹ 45,00,000 divided into 30,000 shares of ₹ 150 each. Out of these company issued 15,000 shares of ₹ 150 each at a premium of ₹ 10 per share. The amount was payable as follows: ₹ 50 per share on application, ₹ 40 per share on allotment (including premium), ₹ 30 per share on first call and balance on final call. Public applied for 14,000 shares. All the money was duly received.

Prepare an extract of Balance Sheet of Suhani Ltd. as per Schedule III, Part I of the Companies Act, 2013 disclosing the Share Capital.

TS Grewal Class 12 Issue of Shares Question 19

Solution

Solution of Q 19 Issue of Shares TS Grewal 2024-25 part 1
Solution of Q 19 Issue of Shares TS Grewal 2024-25 part 2
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About this solution

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