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Q.48 Solution Accounting for Share Capital TS Grewal Book Class 12 CBSE

Question 48 of 110Chapter 8Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 48, 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 48

Vikram Ltd. forfeited 5,000 shares of Rahul, who had applied for 6,000 shares for non-payment of allotment money of ₹ 5 per share and first and final call of ₹ 2 per share. Only application money of ₹ 3 was paid by him. Out of these, 3,000 shares were reissued @ ₹ 12 per share as fully paid.

Pass entries for forfeiture and reissue of shares.

TS Grewal Class 12 Issue of Shares Question 48

Solution

Solution of Q 48 Issue of Shares TS Grewal 2024-25 part 1
Solution of Q 48 Issue of Shares TS Grewal 2024-25 part 2
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About this solution

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