[CBSE] Q. 51 Accounting for Share Capital Solution of TS Grewal Class 12 (2026-27)
The solution to Question number 51 of the Accounting for Share Capital chapter of TS Grewal Book 2026-27 Edition CBSE Board
Avian Ltd. forfeited 10,000 shares of 10 each on which the first call of 4 per share was not received and the second and final call of ₹ 1 per share was not yet called. Out of these, 4,000 shares were reissued to Ajay as fully paid-up for9 per share.
Pass entries for forfeiture and reissue of shares.
Solution:-
