[CBSE] Q. 1 Solution of Accounting for Share Capital TS Grewal Class 12 (2022-23)

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Are you looking for the solution to Question number 1 of the Accounting for Share Capital chapter of TS Grewal Book 2022-23 Edition CBSE Board?

Hi-tech Ltd. was registered with an authorised capital of ₹ 50,00,00 divided into Equity Shares of ₹ 100 each. The company offered for Public all the shares. Applications were received for 45,000 shares and allotment was to made to all the applicants. All the calls were made and were duly received except the final call of ₹ 20 per share on 500 shares.

Prepare the Balance Sheet of the company showing the Share Capital.

Solution:-

Issue of Share chapter Solutions of TS Grewal Class 12 Accountancy CBSE 2022-23

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Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

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3 Comments

  1. Question 1, subscribed and fully paid up capital should be a follows:
    44500*100=4450000
    Your solution says 4950000
    Only 45000 shares have been subscribed for…please recheck

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