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DK Goel Solutions Q 47 Chapter 6 Issue of Shares Class 12 CBSE [2023-24]

Question 47 of 77Chapter 6Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 47, 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 47

Journalise the following :

  1. (a) Y Ltd. forfeited 400 shares of ₹ 100 each, issued at a premium of ₹ 5 per share (to be paid at the time of allotment) for non-payment of a first call of ₹ 20 per share. The second and final call of ₹ 20 has not yet been called. Out of these, 100 shares were re-issued as fully paid-up for ₹ 110 per share.
  2. (b) Y Ltd. forfeited 700 shares of ₹ 100 each, issued at a premium of ₹ 5 per share for non-payment of allotment money of ₹ 35 per share (including premium) and first call of ₹ 20 per share. The second and final call of ₹ 20 has not yet been called. 500 of these shares were re-issued as ₹ 80 paid-up for ₹ 92 per share.
DK Goel Class 12 Issue of Shares Question 47

Solution

Solution of Q 47 Issue of Shares DK Goel 2023-24 part 1
Solution of Q 47 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 47 Issue of Shares DK Goel 2023-24 part 3
Solution of Q 47 Issue of Shares DK Goel 2023-24 part 4
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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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