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Solution of Q 82 Share Capital TS Grewal 2023-24 [CBSE]

Question 82 of 104Chapter 8Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 82, 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 82

‘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 82

Solution

Solution of Q 82 Issue of Shares TS Grewal 2023-24 part 1
Solution of Q 82 Issue of Shares TS Grewal 2023-24 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 82 Issue of Shares TS Grewal 2023-24 part 3
Solution of Q 82 Issue of Shares TS Grewal 2023-24 part 4
Solution of Q 82 Issue of Shares TS Grewal 2023-24 part 5
12th Accounts Revision Book
Solution of Q 82 Issue of Shares TS Grewal 2023-24 part 6
Solution of Q 82 Issue of Shares TS Grewal 2023-24 part 7
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12th Accounts Revision Book

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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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