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Q.69 Solution Accounting for Share Capital TS Grewal Book Class 12 CBSE

Question 69 of 110Chapter 8Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 69, 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 69

Give necessary Journal entries:

  1. (i) The Directors of Devendra Ltd. resolved on 1st January, 2010 that 100 Equity Shares of ₹ 10 each, ₹ 8 paid-up be forfeited for non-payment of final call of ₹ 2. On 1st February, 60 of these shares were reissued @ ₹ 7 per share as fully paid-up.
  2. (ii) Virender Limited forfeited 20 shares of ₹ 100 each (₹ 60 called-up) issued at par to Mukesh on which he had paid ₹ 20 per share. Out of these, 15 shares were reissued to Sanjeev as ₹ 60 paid-up for ₹ 45 per share.
TS Grewal Class 12 Issue of Shares Question 69

Solution

Solution of Q 69 Issue of Shares TS Grewal 2024-25 part 1
Solution of Q 69 Issue of Shares TS Grewal 2024-25 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 69 Issue of Shares TS Grewal 2024-25 part 3
Solution of Q 69 Issue of Shares TS Grewal 2024-25 part 4
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12th Accounts Revision Book

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About this solution

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