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Q.71 Solution Accounting for Share Capital TS Grewal Book Class 12 CBSE

Question 71 of 110Chapter 8Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 71, 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 71

Rekha holds 100 shares of ₹ 10 each on which she has paid ₹ 1 per share on application.

Sunita holds 200 shares of ₹ 10 each on which she has paid ₹ 1 and ₹ 2 per share on application and allotment respectively.

Teena holds 300 shares of ₹ 10 each and has paid ₹ 1 on application, ₹ 2 on allotment and ₹ 3 on first call.

They all fail to pay their arrears and the second call of ₹ 4 per share. Shares are forfeited and subsequently reissued @ ₹ 11 per share as fully paid-up.

Journalise the above.

TS Grewal Class 12 Issue of Shares Question 71

Solution

Solution of Q 71 Issue of Shares TS Grewal 2024-25 part 1
Solution of Q 71 Issue of Shares TS Grewal 2024-25 part 2
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About this solution

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