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[ISC] Q. 28 Solution of Share Capital TS Grewal ISC 2023-24 Edition

Question 28 of 79Chapter 7Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 28, 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 28

Shakti Ltd. issued 8,000 Equity Shares of ₹ 100 each. ₹ 50 per share was called, payable ₹ 20 on application, ₹ 10 on allotment, ₹ 10 on the first call and ₹ 10 on the second call. All the shares were subscribed and monies were duly received with the following exceptions:

  1. Anil, who holds 250 shares paid nothing after the application.
  2. Basu, who holds 500 shares paid nothing after the allotment.
  3. Chatterjee, who holds 1,250 shares paid nothing after the first call.

Prepare Journal and Balance Sheet.

TS Grewal Class 12 Issue of Share Capital Question 28

Solution

Solution of Q 28 Issue of Share Capital TS Grewal 2023-24 part 1
Solution of Q 28 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 28 Issue of Share Capital TS Grewal 2023-24 part 3
Solution of Q 28 Issue of Share Capital TS Grewal 2023-24 part 4
Solution of Q 28 Issue of Share Capital TS Grewal 2023-24 part 5
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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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