[NCERT] Q 2 Accounting for Share Capital Solutions Class 12 (2022-23)

Solutions of Question number 2 Accounting for Share Capital NCERT Accountancy solutions Class 12 CBSE Board 2022-23 Session?

The Adarsh Control Device Ltd. was registered with the authorised capital of ₹ 3,00,000 divided into 30,000 shares of ₹ 10 each, which were offered to the public. Amount payable as ₹ 3 per share on application, ₹ 4 per share on allotment and ₹ 3 per share on first and final call. These shares were fully on allotment and ₹ 3 per share on first and final call. These shares were fully on allotment and ₹ 3 per share on first and final call. These shares were fully subscribed and all money was dully received. Prepare Journal and Cash Book.

Solution:-

Below are the solutions