[CBSE] Q. 4 Accounting for Share Capital Solution of TS Grewal Class 12 (2026-27)

The solution to Question number 4 of the Accounting for Share Capital chapter of TS Grewal Book 2026-27 Edition CBSE Board

Jiva Ltd. is registered with capital of ₹ 50,00,000 divided into 50,000 equity shares of ₹ 100 each. The Company issued 25,000 equity shares for subscription. Subscription was received for 23,750 shares and all the due amount was duly received, except the first and final call of ₹ 20 per share on 600 shares. Show the ‘Share capital’ in the Balance Sheet of the company.

Note: Problems related to Disclosure of Share Capital in Company’s Balance Sheet are also given under the head issue of shares at par and at premium.

[Ans.: Subscribed Capital = ₹ 23,63,000.]

Solution:-