[CBSE] Q. 11 Solution of Accounting for Share Capital TS Grewal Class 12 (2023-24)

Are you looking for the solution to Question number 11 of the Accounting for Share Capital chapter of TS Grewal Book 2023-24 Edition CBSE Board?

Premio Ltd. issued 50,000 Equity Shares of ₹ 100 each at a premium of ₹ 50 per share, payable as follows:

₹ 100 per share on Application; and

Balance on Allotment.

The issue was subscribed and shares were issued to the applicants. Pass the necessary Journal entries.

Solution:-