[ISC] Q. 21 Solution of Share Capital TS Grewal ISC 2023-24 Edition
Step-by-step solution of Question 21, Chapter 7 Joint Stock Company – Issue of Share Capital, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.
Question 21
DLF Ltd. issued 1,00,000 Equity Shares of ₹ 10 each payable ₹ 3 on application, ₹ 3 on allotment, ₹ 2 on first call and ₹ 2 on final call. All the shares were subscribed. The company allotted the shares and made the calls. The amounts due were received on due dates except on 2,000 shares allotted to Mohan who did not pay the allotment money and first call money on due dates but paid the due amount at the time of final call along with interest of ₹ 500.
Pass the Journal entries and prepare Calls-in-Arrears Account.
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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