[CBSE] Q. 26 Solution of Accounting for Share Capital TS Grewal Class 12 (2025-26)

The solution to Question number 26 of the Accounting for Share Capital chapter of TS Grewal Book 2025-26 Edition CBSE Board

Printkit Limited invited applications for issue of 80,000 equity shares of ₹ 10 each. The amount was payable as follows:

On Application	₹ 3 per share
On Allotment	₹ 2 per share
On First and Final Call	Balance

Applications for 1,50,000 shares were received. Applications for 10,000 shares were rejected and pro rata allotment was made to the remaining applicants on the following basis:

Category A	Applicants for 80,000 shares were allotted 40,000 shares
Category B	Applicants for 60,000 shares were allotted 40,000 shares.

Excess money received on application was adjusted towards amount due on allotment and first and final call. All the amounts due on allotment and first and final call were duly received.

Pass necessary Journal entries in the books of Printkit Limited.

[Ans.: Excess money adjusted against Shares Allotment – ₹ 1,40,000; Against Calls-in-Advance – ₹ 40,000.]

Solution:-

Following is the list of all Question Solutions (2025-26)

S.N	Questions
1	Question – 1
2	Question – 2
3	Question – 3
4	Question – 4
5	Question – 5
6	Question – 6
7	Question – 7
8	Question – 8
9	Question – 9
10	Question – 10

S.N	Questions
11	Question – 11
12	Question – 12
13	Question – 13
14	Question – 14
15	Question – 15
16	Question – 16
17	Question – 17
18	Question – 18
19	Question – 19
20	Question – 20

S.N	Questions
21	Question – 21
22	Question – 22
23	Question – 23
24	Question – 24
25	Question – 25
26	Question – 26
27	Question – 27
28	Question – 28
29	Question – 29
30	Question – 30

S.N	Questions
31	Question – 31
32	Question – 32
33	Question – 33
34	Question – 34
35	Question – 35
36	Question – 36
37	Question – 37
38	Question – 38
39	Question – 39
40	Question – 40

S.N	Questions
41	Question – 41
42	Question – 42
43	Question – 43
44	Question – 44
45	Question – 45
46	Question – 46
47	Question – 47
48	Question – 48
49	Question – 49
50	Question – 50

S.N	Questions
51	Question – 51
52	Question – 52
53	Question – 53
54	Question – 54
55	Question – 55
56	Question – 56
57	Question – 57
58	Question – 58
59	Question – 59
60	Question – 60

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61	Question – 61
62	Question – 62
63	Question – 63
64	Question – 64
65	Question – 65
66	Question – 66
67	Question – 67
68	Question – 68
69	Question – 69
70	Question – 70

S.N	Questions
71	Question – 71
72	Question – 72
73	Question – 73
74	Question – 74
75	Question – 75
76	Question – 76
77	Question – 77
78	Question – 78
79	Question – 79
80	Question – 80

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81	Question – 81
82	Question – 82
83	Question – 83
84	Question – 84
85	Question – 85
86	Question – 86
87	Question – 87
88	Question – 88
89	Question – 89
90	Question – 90

S.N	Questions
91	Question – 91
92	Question – 92
93	Question – 93
94	Question – 94
95	Question – 95
96	Question – 96
97	Question – 97
98	Question – 98
99	Question – 99
100	Question – 100

S.N	Questions
101	Question – 101
102	Question – 102
103	Question – 103
104	Question – 104
105	Question – 105
106	Question – 106
107	Question – 107
108	Question – 108
109	Question – 109
110	Question – 110
111	Question – 111
112	Question – 112
113	Question – 113