[CBSE] Q. 45 Solution of Accounting for Share Capital TS Grewal Class 12 (2022-23)

Are you looking for the solution to Question number 45 of the Accounting for Share Capital chapter of TS Grewal Book 2022-23 Edition CBSE Board?

Z ltd. issued 10,000 shares of the value of ₹ 10 each, payable ₹ 3 on application, ₹ 3 on allotment and ₹ 4 on the first and final call. All amount are duly received except the call money on 100 shares. These shares are subsequently forfeited by Directors are and resold as fully paid-up for ₹ 500. Give necessary Journal entries for the transactions.

[Ans.: Capital Reserve – ₹ 100.]

Solution:-

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

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