[CBSE] Q. 26 Solution of Accounting for Share Capital TS Grewal Class 12 (2022-23)

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Are you looking for the solution to Question number 26 of the Accounting for Share Capital chapter of TS Grewal Book 2022-23 Edition CBSE Board?

Usha Ltd.was formed with a capital of ₹ 10,00,000 divided into of ₹100 each.It offered 90% shares to public for subscription.The amount per share was payable as 40% on application,20% on allotment and the balance on first and final call.The appllcants paid ₹3,60,000 on application and ₹1,69,000 on allotment.The call has not yet been made. Calculate:

(a) Authorised Capital,(b) Issued Capital,(c) Subscribed Capital,(d)Called -up Capital,(e) Paid -up Capital,and (f)Calls-in-Arrears.

[Ans.:(a) ₹ 10,00,000; (b) ₹ 9,00,000; (c) ₹9,00,000; (d)₹ 5,40,000; (e)₹ 5,29,000; (f) ₹ 11,000.]

Solution:-

Issue of Share chapter Solutions of TS Grewal Class 12 Accountancy CBSE 2022-23

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Anurag Pathak

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