[CBSE] Q. 101 Accounting for Share Capital Solution of TS Grewal Class 12 (2026-27)
The solution to Question number 101 of the Accounting for Share Capital chapter of TS Grewal Book 2026-27 Edition CBSE Board
Swasth Ltd. ‘forfeited 2,000 shares of ₹ 10 each for non-payment of final call of ₹ 3 per share. 1,500 of these shares were reissued and gain on reissue transferred to Capital Reserve was ₹ 7,500. Determine the amount realiesd from reissue of shares.
[Ans. Amount realised from reissue of shares – ₹ 12,000.]
Solution:-
