[CBSE] Q. 28 Solution of Accounting for Share Capital TS Grewal Class 12 (2024-25)

The solution to Question number 28 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 Edition CBSE Board

A-one Product Ltd. is registered with authorised capital of ₹ 10,00,000 divided into 50,000 Equity Shares of ₹ 20 each. It issued 25,000 Equity Shares for Subscription at premium of ₹ 2 per share, issue price being payable along with application. It received ₹ 4,62,000 towards application money.

You are required to pass the necessary Journal entries.

Solution;-

Note:- As Minimum Subscription 25000 × 9

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