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

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Are you looking for the solution to Question number 12 of the Accounting for Share Capital chapter of TS Grewal Book 2023-24 Edition CBSE Board?

Seema Ltd. issued 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. Due amount was received except the second call and final call on 200 and 400 shares respectively.

Pass the entries in teh 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:-

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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 for free lectures

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