DK Goel Solutions Q 39 Chapter 6 Issue of Shares Class 12 CBSE [2023-24]
Step-by-step solution of Question 39, Chapter 6 Accounting for Companies – Issue of Share Capital, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.
Question 39
Pass journal entries for the forfeiture and re-issue in the following cases :
- (i) A Ltd. forfeited 100 shares of ₹ 10 each fully called-up for non-payment of first call of ₹ 3 per share and final call of ₹ 3 per share. All of these shares were re-issued as fully paid for ₹ 10 per share.
- (ii) B Ltd. forfeited 400 shares of ₹ 10 each fully called-up for non-payment of final call of ₹ 3 per share. 300 of these shares were re-issued as fully paid for ₹ 8 per share.
- (iii) C Ltd. forfeited 700 shares of ₹ 10 each fully called-up on which the holder has paid application money @ ₹ 3 and allotment money @ ₹ 2 per share. Out of these, 300 shares were re-issued as fully paid @ ₹ 7 per share.
- (iv) D Ltd. forfeited 1,000 shares of ₹ 10 each fully called-up on which the holder has paid only the application money @ ₹ 3 per share. Out of these, 600 shares were re-issued at ₹ 10.50 per share, fully paid up.
Solution
All questions of Chapter 6
Orange = this question · Grey = already opened.
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.
Stuck on this question? Ask Vijay Sir
Be the first to ask on this question.