[CBSE] Q. 21 Solution of Accounting for Share Capital TS Grewal Class 12 (2023-24)

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Are you looking for the solution to Question number 21 of the Accounting for Share Capital chapter of TS Grewal Book 2023-24 Edition CBSE Board?

Sony Media Ltd. issued 50,000 shares of ₹ 10 each payable ₹ 3 on application, ₹ 4 on allotment and balance on first and final call. Applications were received for 1,00,000 shares and allotment was made as follows:

(i) Applicants for 60,000 shares were allotted 30,000 shares.

(ii) Applicants for 40,000 shares were allotted 20,000 shares.

Anupam to whom 1,000 shares were allotted from category (i), failed to pay the allotment money.

Pass Journal entries up to allotment.

Solution:-

Following is the list

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Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

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