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[ISC] Q. 18 Solution of Share Capital TS Grewal ISC 2023-24 Edition

Question 18 of 79Chapter 7Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 18, Chapter 7 Joint Stock Company – Issue of Share Capital, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.

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Question 18

Hollyhock Ltd. is registered with an Authorised Share Capital of ₹ 20,00,000 divided into 2,00,000 Equity Shares of ₹ 10 each. Out of these, 40,000 Equity Shares were issued to a vendor as fully paid towards purchase consideration for a building acquired. 1,30,000 shares were offered to the public and of these 1,20,000 shares were applied for and allotted. The Directors called ₹ 6 per share and received the entire amount except a call of ₹ 2 per share on 5,000 shares.

Show the relevant items in the Balance Sheet of Hollyhock Ltd.

TS Grewal Class 12 Issue of Share Capital Question 18

Solution

Solution of Q 18 Issue of Share Capital TS Grewal 2023-24 part 1
Solution of Q 18 Issue of Share Capital TS Grewal 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 18 Issue of Share Capital TS Grewal 2023-24 part 3
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About this solution

This is Chapter 7 Issue of Shares of ISC TS Grewal Edition 2023-24.

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 Guidelines Issued by the ISC Council. Just follow our presentation of solutions and score good marks in Accountancy Exam.

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