Solution to Question number 28 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 Edition ISC Board. Shivani, the holder of 200 shares, paid her arrears in respect of shares first call of ₹ 25 on 1st…
Solution to Question number 27 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 Edition ISC Board. Newbie Ltd. issued 8,000 Equity Shares of ₹ 100 each. ₹ 50 per share was called, payable ₹ 20 on…
Solution to Question number 26 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 Edition ISC Board. Hindustan Ltd. issued 10,000 Equity Shares of ₹ 10 each, payable ₹ 25 on application, ₹ 35 on allotment (including…
Solution to Question number 25 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 Edition ISC Board. Heights Ltd., issued 60,000 shares of ₹ 10 each at a premium of ₹ 2 per share payable as ₹…
Solution to Question number 24 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 Edition ISC Board. Zee Ltd. issued 40,000 Equity Shares of ₹ 100 each at a premium of 10% payable as follows: On application…
Solution to Question number 23 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 Edition ISC Board. Himalaya Ltd. was registered with a nominal capital of ₹ 10,00,000 in shares of ₹ 10 each, 90,000 of which…
Solution to Question number 22 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 Edition ISC Board. Moonlight Ltd. issued 50,000 Equity Shares of ₹ 10 each for subscription payable ₹ 3 on application ₹ 3 on…
Solution to Question number 21 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 Edition ISC Board. Ashu Ltd. issued 1,00,000 Equity Shares of ₹ 10 each payable ₹ 3 on application, ₹ 3 on allotment, ₹…
Solution to Question number 20 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 Edition ISC Board. Cola Ltd was registered with an authorised capital of ₹ 25,00,000 divided into 2,50,000 Equity Shares of ₹ 10 each.…
Solution to Question number 19 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 Edition ISC Board. Fresh Flowers Ltd. was incorporated with an authorised capital of 1,00,000 Equity Shares of ₹ 10 each. The promoters rendered…
Solution to Question number 18 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 Edition ISC Board. Artex Ltd. is registered with an Authorised Share Capital of ₹ 20,00,000 divided into 2,00,000 Equity Shares of ₹ 10…
Solution to Question number 17 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 Edition ISC Board. Sunshine Ltd. issued 30,000 fully paid-up shares of ₹ 100 each for purchase of the following assets and liabilities from…
Solution to Question number 16 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 Edition ISC Board. Sunflower Ltd. purchased the running business from Bhaskar for ₹ 15,00,000 payable ₹ 12,00,000 in fully paid shares of ₹…
Solution to Question number 15 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 Edition ISC Board. Herbal Ltd. is registered with an authorised capital of ₹ 12,50,000 divided into 1,25,000 Equity Shares of ₹ 10 each.…
Solution to Question number 14 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 Edition ISC Board. Blue Tulip Ltd. issued 2,000 shares of ₹ 100 each credited as fully paid to the promoters for their services…
