[CBSE] Q. 44 Solution of Accounting for Share Capital TS Grewal Class 12 (2022-23)

Are you looking for the solution to Question number 44 of the Accounting for Share Capital chapter of TS Grewal Book 2022-23 Edition CBSE Board?

what amount of gain on reissue will be transferred to capital Reserve under following situations?

‘(i) 3,000 shares of ₹ 10 each of Rakesh were forfeited by creding ₹ 5,000 to Forfeited Shares Account. Out of these, 1,800 shares were reissued to Mohan for ₹ 9 per share as fully paid-up.

(ii) Z Ltd. forfeited 20 shares of ₹ 100 each (₹ 60 called-up) issued at par to Shiv on which he paid ₹ 20 per share. Out of these, 15 shares were reissued to Rajesh as ₹ 60 paid-up for ₹ 45 per share.

[Ans.: (i) ₹ 1,200; (ii) ₹ 75.]

Solution:-

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

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