[CBSE] Q. 11 Solution of Accounting for Share Capital TS Grewal Class 12 (2022-23)

Are you looking for the solution to Question number 11 of the Accounting for Share Capital chapter of TS Grewal Book 2022-23 Edition CBSE Board?

Seema Ltd. offered for subscription 10,000 shares of ₹ 25 each, payable ₹ 5 per share on application, ₹ 10 per share on allotment (including ₹ 5 per share as premium), ₹ 5 per share as first call on the shares and the balance in two equal amounts at intervals of three months. All the shares were applied for and allotted. All the money was received except the second call and final call on 200 and 400 shares respectively. Pass the entries in the company’s Journal, Cash Book and the Ledger. Also show the company’s Balance Sheet on completion of the above transactions.

[Ans.: Cash Book Balance – ₹ 2,97,000.]

Solution:-

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

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