[CBSE] Q. 7 Accounting for Share Capital Solution of TS Grewal Class 12 (2026-27)
The solution to Question number 7 of the Accounting for Share Capital chapter of TS Grewal Book 2026-27 Edition CBSE Board
Excel Ltd. was registered with capital of ₹ 5,00,000 divided into 50,000 Equity Shares of ₹ 10 each. It issued 20,000 Equity Shares to public for subscription. The shares were subscribed and calls were made and received except first and final call of ₹ 2 on 500 shares held by Varun.
Prepare Balance Sheet of the company showing Share Capital.
[Ans.: Subscribed and Fully Paid-up Capital – ₹ 1,95,000; Subscribed But Not Fully Paid-up Capital – ₹ 4,000, Calls-in-Arrears – ₹ 1,000.]
Solution:-
