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Q.26 Solution Accounting for Share Capital TS Grewal Book Class 12 CBSE

Question 26 of 110Chapter 8Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 26, 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 26

Sony Media Ltd. issued 50,000 shares of ₹ 10 each payable ₹ 3 on application, ₹ 4 on allotment and balance on first and final call. Applications were received for 1,00,000 shares and allotment was made as follows:

  1. (i) Applicants for 60,000 shares were allotted 30,000 shares,
  2. (ii) Applicants for 40,000 shares were allotted 20,000 shares.

Anupam to whom 1,000 shares were allotted from category (i), failed to pay the allotment money.

Pass Journal entries up to allotment.

TS Grewal Class 12 Issue of Shares Question 26

Solution

Solution of Q 26 Issue of Shares TS Grewal 2024-25 part 1
Solution of Q 26 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 26 Issue of Shares TS Grewal 2024-25 part 3
Solution of Q 26 Issue of Shares TS Grewal 2024-25 part 4
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All questions of Chapter 8

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About this solution

Looking for the Q.26 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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