[CBSE] Q. 52 Solution of Accounting for Share Capital TS Grewal Class 12 (2022-23)

Are you looking for the solution to Question number 52 of the Accounting for Share Capital chapter of TS Grewal Book 2022-23 Edition CBSE Board?

The Hindustan Manufacturing Ltd. Had a total subscribed capital of ₹ 1,00,000 in Equity Shares of ₹ 10 each of which ₹ 7.50 were called-up. A final call of ₹ 2.50 was made and all amount paid except two calls of ₹ 2.50 each in respect of 100 shares held by D. These shares were forfeited and reissued at ₹ 8 per share.

Pass necessary Journal entries (including that of cash) to record the transactions of final call, forfeiture of shares and reissue of forfeited shares. Also, prepare the Balance Sheet of the company.

[Ans.: Capital Reserve – ₹ 300; Balance Sheet Total – ₹ 10,00,300.]

Solution:-

Issue of Share chapter Solutions of TS Grewal Class 12 Accountancy CBSE 2022-23

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