[CBSE] Q. 19 Solution of Accounting for Share Capital TS Grewal Class 12 (2024-25)

The solution to Question number 19 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 Edition CBSE Board

Authorised capital of Suhani Ltd. is ₹ 45,00,000 divided into 30,000 shares of ₹ 150 each. Out of these company issued 15,000 sahres of ₹ 150 each at a premium of ₹ 10 per share. The amount was payable as follows:

₹ 50 per share on application, ₹ 40 per share on allotment (including premium), ₹ 30 per share on first call and balance on final call. Public applied for 14,000 shares. All the money was duly received.

Prepare an extract of Balance Sheet of Suhani Ltd. as per Schedule III, Part I of the Companies Act, 2013 disclosing the Share Capital.

[Ans.: Share Capital = ₹ 21,00,000.]

Solution:-

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