Q.57 Solution Accounting for Share Capital TS Grewal Book Class 12 CBSE
Step-by-step solution of Question 57, Chapter 8 Accounting for Share Capital (Issue of Shares), TS Grewal Class 12 Accountancy 2024-25 for the CBSE Board.
Question 57
Computer Mart Ltd. forfeited 1,000 Equity Shares of ₹ 50 each issued at 10% premium on which allotment money of ₹ 15 per equity share (including premium) and first call of ₹ 15 per share were not received, the second and final call of ₹ 10 per equity share was not yet called.
Calculate ‘Discount Allowed or Premium Received’ and ‘Amount transferred to Capital Reserve’ on reissue of shares as fully paid-up in each of the following cases:
Case 1. If these shares were reissued as ₹ 40 paid-up for ₹ 45 per share.
Case 2. If these shares were reissued as ₹ 40 paid-up for ₹ 40 per share.
Case 3. If these shares were reissued as ₹ 40 paid-up for ₹ 35 per share.
Case 4. If these shares were reissued as ₹ 40 paid-up for ₹ 25 per share.
Case 5. If these shares were reissued at ₹ 35 per share as fully paid-up.
Solution
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Looking for the Q.57 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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