DK Goel Solutions Q 27 Chapter 6 Issue of Shares Class 12 CBSE [2023-24]
Step-by-step solution of Question 27, Chapter 6 Accounting for Companies – Issue of Share Capital, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.
Question 27
Dinesh Ltd. issued 5,000 shares of ₹ 100 each at par, payable as follows :
- On Application ₹ 25
- On Allotment ₹ 25
- On First Call ₹ 20
- On Final Call ₹ 30
Anil, holding 100 shares failed to pay the amount of allotment and first call and his shares were forfeited after the first call.
Sunil, holding 200 shares failed to pay the amount due on final call and his shares were also forfeited.
Show entries in the Cash Book and Journal of the Company.
Solution
All questions of Chapter 6
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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.
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