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Solution of Q 63 Share Capital TS Grewal 2023-24 [CBSE]

Question 63 of 104Chapter 8Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 63, 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 63

Show the forfeiture and reissue entries under each of the following cases:

  1. (i) KBC Ltd. forfeited 300 shares of ₹ 10 each, ₹ 8 called-up held by Amit for non-payment of second call money of ₹ 3 per share. These shares were reissued to Zoly for ₹ 10 per share as fully paid-up.
  2. (ii) KK Ltd. forfeited 400 shares of ₹ 10 each, fully called-up, held by Bhawna for non-payment of final call money of ₹ 4 per share. These shares were reissued to Tarun at ₹ 12 per share as fully paid-up.
  3. (iii) Light Ltd. forfeited 250 shares of ₹ 10 each, fully called-up, held by Chetan for non-payment of allotment money of ₹ 3 per share and first and final call money of ₹ 4 per share. These shares were reissued @ ₹ 8 per share as fully paid-up to Prem.
TS Grewal Class 12 Issue of Shares Question 63

Solution

Solution of Q 63 Issue of Shares TS Grewal 2023-24 part 1
Solution of Q 63 Issue of Shares TS Grewal 2023-24 part 2
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Solution of Q 63 Issue of Shares TS Grewal 2023-24 part 3
Solution of Q 63 Issue of Shares TS Grewal 2023-24 part 4
Solution of Q 63 Issue of Shares TS Grewal 2023-24 part 5
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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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