[CBSE] Q. 30 Solution of Accounting for Share Capital TS Grewal Class 12 (2023-24)

Are you looking for the solution to Question number 30 of the Accounting for Share Capital chapter of TS Grewal Book 2023-24 Edition CBSE Board?

Prem Industries Ltd. made the first call of ₹ 2 per share on its 1,00,000 Equity Shares on 1st March, 2021. Ashok, a shareholder, holding 800 shares paid the second and final call amount along with the first call money. The second and final call amount was ₹ 3 per share. Pass necessary Journal entries for recording the above using the Calls in Advance Account.

Solution:-

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