Q.4 Solution Accounting for Share Capital TS Grewal Book Class 12 CBSE
Step-by-step solution of Question 4, Chapter 8 Accounting for Share Capital (Issue of Shares), TS Grewal Class 12 Accountancy 2024-25 for the CBSE Board.
Question 4
Global Trade Ltd. has authorised share capital of ₹ 1,00,00,000 divided into 1,00,000 Equity Shares of ₹ 100 each. It has existing issued and paid-up capital of ₹ 25,00,000. It further issued to public 25,000 Equity Shares at a premium of 20% for subscription payable as under:
On Application ₹ 30,
On Allotment ₹ 60, and
On Call Balance Amount.
The issue was fully subscribed and allotment was made to all the applicants. The company did not make the call during the year.
Show Share Capital in the Balance Sheet of the company.
Solution
All questions of Chapter 8
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About this solution
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