[CBSE] Q. 19 Solution of Accounting for Share Capital TS Grewal Class 12 (2022-23)
Are you looking for the solution to Question number 19 of the Accounting for Share Capital chapter of TS Grewal Book 2022-23 Edition CBSE Board?
Sugandh Ltd. issued 60,000 shares of ₹ 10 each at a premium of ₹ 2 per share payable as ₹ 3 on application, ₹ 5 (including premium) on allotment and the balance on first and final call. Applicants were received for 92,000 shares. The Directors resolved to allot as:
| (i) Applicants of 40,000 shares | 30,000 shares, |
| (ii) Applicants of 50,000 shares | 30,000 shares, |
| (iii) Applicants of 2,000 shares | Nil |
Mohan, who had applied for 800 shares in Category (i) and Sohan, who was allotted 600 shares in Category (ii) failed to pay the allotment money. Calculate amount received on allotment.
[Ans.: Amount received on allotment – ₹ 2,05,800.]
Solution:-
Issue of Share chapter Solutions of TS Grewal Class 12 Accountancy CBSE 2022-23
Let’s Practice
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| 1 | Question – 1 |
| 2 | Question – 2 |
| 3 | Question – 3 |
| 4 | Question – 4 |
| 5 | Question – 5 |
| 6 | Question – 6 |
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| 8 | Question – 8 |
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| 10 | Question – 10 |
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| 11 | Question – 11 |
| 12 | Question – 12 |
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| 15 | Question – 15 |
| 16 | Question – 16 |
| 17 | Question – 17 |
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| 19 | Question – 19 |
| 20 | Question – 20 |
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| 21 | Question – 21 |
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| 71 | Question – 71 |
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| 80 | Question – 80 |
Question 19 issue of share solution is not given