Solution of Q 31 Share Capital TS Grewal 2023-24 [CBSE]
Step-by-step solution of Question 31, Chapter 8 Accounting for Share Capital (Issue of Shares), TS Grewal Class 12 Accountancy 2023-24 for the CBSE Board.
Question 31
Usha Ltd. was formed with a capital of ₹ 10,00,000 divided into shares of ₹ 100 each. It offered 90% shares to public for subscription. The amount per share was payable as 40% on application, 20% on allotment and the balance on first and final call. The applicants paid ₹ 3,60,000 on application and ₹ 1,69,000 on allotment. The call has not yet been made. Calculate:
- (a) Authorised Capital, (b) Issued Capital, (c) Subscribed Capital, (d) Called-up Capital, (e) Paid-up Capital, and (f) Calls-in-Arrears.
Solution
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About this solution
This is Chapter 8 Share Capital of TS Grewal Edition 2023-24.
Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.
We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.
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