[CBSE] Q. 69 Accounting for Share Capital Solution of TS Grewal Class 12 (2026-27)
The solution to Question number 69 of the Accounting for Share Capital chapter of TS Grewal Book 2026-27 Edition CBSE Board
Alfa Ltd. forfeited 900 Equity Shares of ₹ 100 each for the non-payment of allotment money of ₹ 30 per share and the first call of ₹ 20 per share. The second and final call of ₹ 25 per share has not been made. The forfeited shares were reissued for ₹ 90 per share, ₹ 75 paid-up.
Journalise the above.
[Ans.: Capital Reserve – ₹ 22,500.]
Solution:-
