[ISC] Q. 2 Solution of Share Capital TS Grewal ISC 2023-24 Edition
Step-by-step solution of Question 2, Chapter 7 Joint Stock Company – Issue of Share Capital, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.
Question 2
Chamomile Ltd. was registered with Authorised Capital of ₹ 20,00,000 divided into 1,00,000 Equity Shares of ₹ 10 each and 10,000; 10% Preference Shares of ₹ 100 each.
The company issued to public 55,000 Equity Shares for subscription and also 10,000; 10% Preference Shares.
Applications were received for 50,000 Equity Shares and 10,000; 10% Preference Shares. The nominal value of Equity Shares and ₹ 80 on 10% Preference Shares were called-up. The amount called on both the Equity Shares and Preference Shares were duly received.
Show Share Capital in the Balance Sheet of the company.
Solution
All questions of Chapter 7
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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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