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Q.65 Solution Accounting for Share Capital TS Grewal Book Class 12 CBSE

Question 65 of 110Chapter 8Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 65, 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 65

Sunshine Industries Ltd. issued 20,000 shares of ₹ 100 each payable ₹ 25 per share on application, ₹ 25 per share on allotment and the balance in two calls of ₹ 25 each. The company did not make the final call of ₹ 25 per share. All the money was duly received with the exception of the amount due on the first call on 400 shares held by Mr. Modi. The Board of Directors forfeited these shares and subsequently reissued them @ ₹ 75 per share paid-up for a sum of ₹ 28,000.

Journalise the above transactions and prepare Share Capital Account.

TS Grewal Class 12 Issue of Shares Question 65

Solution

Solution of Q 65 Issue of Shares TS Grewal 2024-25 part 1
Solution of Q 65 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 65 Issue of Shares TS Grewal 2024-25 part 3
Solution of Q 65 Issue of Shares TS Grewal 2024-25 part 4
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About this solution

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