[CBSE] Q. 74 Accounting for Share Capital Solution of TS Grewal Class 12 (2026-27)
The solution to Question number 74 of the Accounting for Share Capital chapter of TS Grewal Book 2026-27 Edition CBSE Board
Mahira Ltd. forfeited 800 shares of 10 each on which first call of 3 per share was not received. The second and final call of 2 per share was not yet called. Out of these, 400 shares were reissued as 8 paid-up for 7 per share. (CBSE 2025)
Pass the necessary Journal entries.
[Ans: Capital Reserve- 1,600.]
Solution:-
