[CBSE] Q. 13 Solution of Accounting for Share Capital TS Grewal Class 12 (2024-25)

The solution to Question number 13 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 Edition CBSE Board

Authorised Capital of ₹ 16,00,000 of Bharat Ltd. is divided into 1,60,000 Equity Shares of ₹ 10 each. Out of these shares, 80,000 Equity Shares were issued at par to public for subscription. The issue price is payable on application. All the shares were subscribed.

Pass necessary Journal entries in the books of the company.

Solution:-

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