[CBSE] Q. 2 Solution of Accounting for Share Capital TS Grewal Class 12 (2023-24)

Solution to Question number 2 of the Accounting for Share Capital chapter of TS Grewal Book 2023-24 Edition CBSE Board?

Farm Products Ltd. has authorised share capital of ₹ 50,00,000 divided into 5,00,000 Equity Shares of ₹ 10 each. It has existing issued and paid up capital of ₹ 5,00,000. It further issued to public 1,50,000 Equity Shares at par for Subscription payable as under:

On Application	₹ 3
On Allotment	₹ 4, and
On Call	Balance Amount

The issue was fully subscribed, and allotment was made to all the applicants. Call was made during the year and was duly received.

Show Share Capital in the Balance Sheet of the Company.

Solution:-

Following is the list

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