[CBSE] Q. 14 Solution of Accounting for Share Capital TS Grewal Class 12 (2022-23)

Are you looking for the solution to Question number 14 of the Accounting for Share Capital chapter of TS Grewal Book 2022-23 Edition CBSE Board?

Faber Ltd. invited applications for 70,000 equity shares of ₹ 100 each. The application money received @ ₹ 30 per share was ₹ 27,00,000. Name the kind of subscription. List the three alternatives for allotting these shares.

[Ans.: Oversubsctiption.]

Solution:-

As actual money of the application is ₹ 21,00,000 and on Application, there are ₹ 27,00,000 is received. Thus It is the case of over-subscription.

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

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