[CBSE] Q. 22 Solution of Accounting for Share Capital TS Grewal Class 12 (2024-25)

The solution to Question number 22 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 Edition CBSE Board

Sangam Marbles Ltd. invited applications for 20,000 Equity Shares of ₹ 100 each issued at par payable on application. The issue was oversubscribed by 5,000 shares and allotment was made on pro rata basis. Pass necessary Journal entries.

[Hint: Sahres applied are 25,000 (20,000 + 5,000).]

Solution:-

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