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Q.86 Solution Accounting for Share Capital TS Grewal Book Class 12 CBSE

Question 86 of 110Chapter 8Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 86, 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 86

Pass necessary Journal entries in the books of the company for the following transactions:

Vishesh Ltd. forfeited 1,000 Equity Shares of ₹ 10 each issued at a premium of ₹ 2 per share for non-payment of allotment money of ₹ 5 per share including premium. The final call of ₹ 2 per share was not yet called on these shares. Of the forfeited shares 800 shares were reissued at ₹ 12 per share as fully paid-up. The remaining shares were reissued at ₹ 11 per share fully paid-up.

TS Grewal Class 12 Issue of Shares Question 86

Solution

Solution of Q 86 Issue of Shares TS Grewal 2024-25 part 1
Solution of Q 86 Issue of Shares TS Grewal 2024-25 part 2
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