[CBSE] Q. 100 Accounting for Share Capital Solution of TS Grewal Class 12 (2026-27)
The solution to Question number 100 of the Accounting for Share Capital chapter of TS Grewal Book 2026-27 Edition CBSE Board
Sagar Ltd. ‘forfeited 1,000 shares of ₹ 10 each for non-payment of first and final call of ₹ 2 per share. These shares were reissued and gain on reissue transferred to Capital Reserve was ₹ 5,000. Determine the amount realised from reissue of shares.
[Ans.: Amount realised from reissue of shares – ₹ 7,000.]
Solution:-
