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Q.83 Solution Accounting for Share Capital TS Grewal Book Class 12 CBSE

Question 83 of 110Chapter 8Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 83, 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 83

X Ltd. forfeited 100 shares of ₹ 10 each (₹ 8 called-up) issued at a premium of ₹ 2 per share to Rahul on which he had paid application money of ₹ 5 per share, for non-payment of allotment money of ₹ 5 per share (including premium). Out of these, 70 shares were reissued to Sanjay for ₹ 7 per share as ₹ 8 called-up for ₹ 7 per share. Give necessary Journal entries relating to forfeiture and reissue of shares.

TS Grewal Class 12 Issue of Shares Question 83

Solution

Solution of Q 83 Issue of Shares TS Grewal 2024-25 part 1
Solution of Q 83 Issue of Shares TS Grewal 2024-25 part 2
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About this solution

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