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DK Goel Solutions Q 31 Chapter 6 Issue of Shares Class 12 CBSE [2023-24]

Question 31 of 77Chapter 6Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 31, Chapter 6 Accounting for Companies – Issue of Share Capital, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.

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Question 31

W Ltd. issued 10,000 shares of ₹ 100 each. During the year only ₹ 80 were called payable as follows :

  1. On Application ₹ 25
  2. On Allotment ₹ 20
  3. On Ist Call ₹ 20
  4. On IInd Call ₹ 15

Amounts were received as follows :

  1. On 8,000 shares the full amount called
  2. On 1,200 shares ₹ 65 per share
  3. On 500 shares ₹ 45 per share
  4. On 300 shares ₹ 25 per share

The directors forfeited those shares on which less than ₹ 65 per share were received. Show entries in the Cash Book and Journal and show the Share Capital in the Balance Sheet.

DK Goel Class 12 Issue of Shares Question 31

Solution

Solution of Q 31 Issue of Shares DK Goel 2023-24 part 1
Solution of Q 31 Issue of Shares DK Goel 2023-24 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 31 Issue of Shares DK Goel 2023-24 part 3
Solution of Q 31 Issue of Shares DK Goel 2023-24 part 4
Solution of Q 31 Issue of Shares DK Goel 2023-24 part 5
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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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