[CBSE] Q. 14 Solution of Accounting for Share Capital TS Grewal Class 12 (2024-25)

The solution to Question number 14 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 Edition CBSE Board

Alok Leathers Ltd. invited applications for 10,000 shares of ₹ 100 each payable as follows:

₹ 30 on application, ₹ 30 on allotment and balance on first and final call.

All the shares were applied and allotted and the money was duly received.

You are required to Journalise these transactions and show share capital in the Balance Sheet.

Solution:-

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