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Q.89 Solution Accounting for Share Capital TS Grewal Book Class 12 CBSE

Question 89 of 110Chapter 8Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 89, 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 89

‘Telecom Ltd.’ issued 20,000 Equity Shares of ₹ 10 each at a premium of ₹ 5 per share, payable as: ₹ 7 (including premium) on application, ₹ 5 on allotment and the balance after three months of allotment. A shareholder to whom 200 shares were allotted failed to pay the allotment and call money and his shares were forfeited. 160 of the forfeited shares were reissued for ₹ 1,600.

Pass necessary entries in company’s Journal, prepare Ledger Accounts and the Balance Sheet.

TS Grewal Class 12 Issue of Shares Question 89

Solution

Solution of Q 89 Issue of Shares TS Grewal 2024-25 part 1
Solution of Q 89 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 89 Issue of Shares TS Grewal 2024-25 part 3
Solution of Q 89 Issue of Shares TS Grewal 2024-25 part 4
Solution of Q 89 Issue of Shares TS Grewal 2024-25 part 5
12th Accounts Revision Book
Solution of Q 89 Issue of Shares TS Grewal 2024-25 part 6
Solution of Q 89 Issue of Shares TS Grewal 2024-25 part 7
Solution of Q 89 Issue of Shares TS Grewal 2024-25 part 8
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12th Accounts Revision Book

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About this solution

Looking for the Q.89 Solution Accounting for Share Capital TS Grewal Class 12 Accountancy book for the 2024-25 CBSE syllabus? You’ve come to the right place!

Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.

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