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Q.25 Solution Accounting for Share Capital TS Grewal Book Class 12 CBSE

Question 25 of 110Chapter 8Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 25, 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 25

Sugandh Ltd. issued 60,000 shares of ₹ 10 each at a premium of ₹ 2 per share payable as ₹ 3 on application, ₹ 5 (including premium) on allotment and the balance on first and final call. Application money received was ₹ 2,76,000. It was resolved to allot as follows:

  1. (i) Applicants of 40,000 shares — 30,000 shares,
  2. (ii) Applicants of 50,000 shares — 30,000 shares,
  3. (iii) Applicants of 2,000 shares — Nil.

Mohan, who had applied for 800 shares in Category (i) and Sohan, who was allotted 600 shares in Category (ii) failed to pay the allotment money. Calculate amount received on allotment.

TS Grewal Class 12 Issue of Shares Question 25

Solution

Solution of Q 25 Issue of Shares TS Grewal 2024-25 part 1
Solution of Q 25 Issue of Shares TS Grewal 2024-25 part 2
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Solution of Q 25 Issue of Shares TS Grewal 2024-25 part 3
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About this solution

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

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