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[ISC] Q. 20 Solution of Share Capital TS Grewal ISC 2023-24 Edition

Question 20 of 79Chapter 7Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 20, 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 20

RT Port Ltd. was registered with an authorised capital of ₹ 25,00,000 divided into 2,50,000 Equity Shares of ₹ 10 each. Anil promoted the company and value of his services was established at ₹ 50,000 to be paid by issue of equity shares at par.

The company acquired running business of Amitabh for a consideration of ₹ 4,80,000 payable by equity shares at a premium of 20%. The assets and liabilities of business taken over are as follows: (Total of assets ₹ 5,95,000)

TS Grewal Class 12 Issue of Share Capital Question 20

Solution

Solution of Q 20 Issue of Share Capital TS Grewal 2023-24 part 1
Solution of Q 20 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 20 Issue of Share Capital TS Grewal 2023-24 part 3
Solution of Q 20 Issue of Share Capital TS Grewal 2023-24 part 4
Solution of Q 20 Issue of Share Capital TS Grewal 2023-24 part 5
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Solution of Q 20 Issue of Share Capital TS Grewal 2023-24 part 6
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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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