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Q.77 Solution Accounting for Share Capital TS Grewal Book Class 12 CBSE

Question 77 of 110Chapter 8Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 77, 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 77

Kwality Hospitality Ltd. incorporated with authorised capital of ₹ 10,00,000, 1,00,000 equity shares of ₹ 10 each, issued 50,000 equity shares for subscription payable ₹ 4 on application, ₹ 3 on allotment and balance as first and final call. The shares were subscribed, and due amounts were received except first and final call on 4,000 shares. These shares were forfeited. Later, half the shares were reissued as fully paid-up and ₹ 4,000 were transferred to Capital Reserve.

Pass the Journal entry for reissue of shares.

TS Grewal Class 12 Issue of Shares Question 77

Solution

Solution of Q 77 Issue of Shares TS Grewal 2024-25 part 1
Solution of Q 77 Issue of Shares TS Grewal 2024-25 part 2
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Solution of Q 77 Issue of Shares TS Grewal 2024-25 part 3
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All questions of Chapter 8

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About this solution

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