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[ISC] Q. 30 Solution of Share Capital TS Grewal ISC 2023-24 Edition

Question 30 of 79Chapter 7Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 30, 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 30

Ajay, the holder of 100 shares, paid his second call of ₹ 10 along with the share first call money of ₹ 20 on 1st May, 2022. The second call was made by the company on 1st August, 2022. The interest allowed on Calls-in-Advance as per Articles of Association is 12% p.a. Interest was paid to the shareholders on 1st August, 2022.

Pass Journal entries to record the above transactions.

TS Grewal Class 12 Issue of Share Capital Question 30

Solution

Solution of Q 30 Issue of Share Capital TS Grewal 2023-24 part 1
Solution of Q 30 Issue of Share Capital TS Grewal 2023-24 part 2
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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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