[CBSE] Q. 2 Solution of Accounting for Share Capital TS Grewal Class 12 (2025-26)

The solution to Question number 2 of the Accounting for Share Capital chapter of TS Grewal Book 2025-26 Edition CBSE Board

Shri Ganga Ltd. was registered with an authorised capital of ₹ 7,00,000 divided into equity shares of ₹ 10 each. It offered to the public for subscription 50,000 equity shares. The amount payable as follows:

On Application	₹ 4 per share
On Allotment	₹ 4 per share
On First and Final call	Balance

The issue was fully subscribed. All the amounts were duly received except the first and final call money on 4,000 equity shares.

Show the Share Capital in the Balance Sheet of the company as per Schedule III, Part I of the Companies Act, 2013. Also prepare ‘Notes to Accounts’ for the same.

[Ans.: Share Capital – ₹ 4,92,000.]

Solution:-

Following is the list of all Question Solutions (2025-26)

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1	Question – 1
2	Question – 2
3	Question – 3
4	Question – 4
5	Question – 5
6	Question – 6
7	Question – 7
8	Question – 8
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10	Question – 10

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11	Question – 11
12	Question – 12
13	Question – 13
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18	Question – 18
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20	Question – 20

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31	Question – 31
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91	Question – 91
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100	Question – 100

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101	Question – 101
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103	Question – 103
104	Question – 104
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106	Question – 106
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109	Question – 109
110	Question – 110
111	Question – 111
112	Question – 112
113	Question – 113