[CBSE] Q. 15 Solution of Accounting for Share Capital TS Grewal Class 12 (2024-25)

The solution to Question number 15 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 Edition CBSE Board

National Textiles Ltd. was registered with the authorised capital of ₹ 3,00,000 divided into 3,000 shares of ₹ 100 each, which were offered to the public. Amount payable as ₹ 300 per share on application, ₹ 40 per share on allotment and ₹ 30 per share on first and final call. These shares were fully subscribed and all money was duly received.

Prepare Cash Book, Journal and Balance Sheet showing Share Capital.

Solution:-

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