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Solution of Q 61 Share Capital TS Grewal 2023-24 [CBSE]

Question 61 of 104Chapter 8Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 61, Chapter 8 Accounting for Share Capital (Issue of Shares), TS Grewal Class 12 Accountancy 2023-24 for the CBSE Board.

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Question 61

Super Star Ltd. makes an issue of 10,000 Equity Shares of ₹ 100 each, payable as:

  1. On Application and Allotment ₹ 50 per share,
  2. On First Call ₹ 25 per share,
  3. On Second and Final Call ₹ 25 per share.

Members holding 400 shares did not pay the second and final call and the shares are duly forfeited, 200 of which are reissued as fully paid-up @ ₹ 50 per share. Pass Journal entries in the books of the company.

TS Grewal Class 12 Issue of Shares Question 61

Solution

Solution of Q 61 Issue of Shares TS Grewal 2023-24 part 1
Solution of Q 61 Issue of Shares TS Grewal 2023-24 part 2
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Solution of Q 61 Issue of Shares TS Grewal 2023-24 part 3
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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.

Also, we have followed the proper format and workings which are required as per CBSE Guidelines. Just follow our presentation of solutions and score good marks in Accountancy Board Exam.

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