DK Goel Solutions Q 6 Chapter 6 Issue of Shares Class 12 CBSE [2023-24]
Step-by-step solution of Question 6, Chapter 6 Accounting for Companies – Issue of Share Capital, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.
Question 6
Z Ltd. was registered with an authorised capital of ₹ 60,00,000 divided in 60,000 equity shares of ₹ 100 each. Company issued 25,000 equity shares at a premium of ₹ 20 per share, payable as follows : ₹ 30 on Application; ₹ 45 on Allotment (including premium); ₹ 20 on first call and ₹ 25 on Second and Final Call.
All shares were subscribed and all the money was duly received. Share issue expenses amounted to ₹ 40,000 which were fully written off against Securities Premium.
Prepare necessary Journal Entries and Bank Account in the books 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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