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Q.24 Solution Accounting for Share Capital TS Grewal Book Class 12 CBSE

Question 24 of 110Chapter 8Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 24, Chapter 8 Accounting for Share Capital (Issue of Shares), TS Grewal Class 12 Accountancy 2024-25 for the CBSE Board.

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Question 24

Tiny Toys Ltd. issued ₹ 10,00,000 shares of ₹ 100 each at a premium of ₹ 20 for subscription payable as:

₹ 10 per share on application,

₹ 40 per share and ₹ 10 premium on allotment, and

₹ 50 per share and ₹ 10 premium on final payment.

Issue was oversubscribed receiving applications for 13,000 shares. Applicants for 11,000 shares were allotted 10,000 shares and applicants for 2,000 shares were sent letters of regret. All the money due on allotment and final call was duly received. Pass necessary entries in the company’s books to record the above transactions. Also, show share capital in the company’s Balance Sheet on completion of the above transactions.

TS Grewal Class 12 Issue of Shares Question 24

Solution

Solution of Q 24 Issue of Shares TS Grewal 2024-25 part 1
Solution of Q 24 Issue of Shares TS Grewal 2024-25 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 24 Issue of Shares TS Grewal 2024-25 part 3
Solution of Q 24 Issue of Shares TS Grewal 2024-25 part 4
Solution of Q 24 Issue of Shares TS Grewal 2024-25 part 5
12th Accounts Revision Book
Solution of Q 24 Issue of Shares TS Grewal 2024-25 part 6
Solution of Q 24 Issue of Shares TS Grewal 2024-25 part 7
Solution of Q 24 Issue of Shares TS Grewal 2024-25 part 8
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12th Accounts Revision Book

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About this solution

Looking for the Q.24 Solution Accounting for Share Capital TS Grewal Class 12 Accountancy book for the 2024-25 CBSE syllabus? You’ve come to the right place!

Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.

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