[CBSE] Q. 57 Accounting for Share Capital Solution of TS Grewal Class 12 (2026-27)
The solution to Question number 57 of the Accounting for Share Capital chapter of TS Grewal Book 2026-27 Edition CBSE Board
Ratan Ltd forfeited 3,000 shares of ₹ 10 each (issued at ₹ 2 premium) for non-payament of first call of ₹ 2 per share. Final call of ₹ 3 per share was not yet made. Out of thse, 2,000 shares were re-issued at ₹ 10 per share as fully paid. Pass entries for forfeiture and reissue of shares.
[Ans.: Capital Reserve – ₹ 10,000.]
Solution:-
