[CBSE] Q. 57 Solution of Accounting for Share Capital TS Grewal Class 12 (2022-23)

Are you looking for the solution to Question number 57 of the Accounting for Share Capital chapter of TS Grewal Book 2022-23 Edition CBSE Board?

Rekha holds 100 shares of ₹ 10 each on which she has paid ₹ 1 per share on application.

Sunita holds 300 shares of ₹ 10 each and has paid ₹ 1 on application, ₹ 2 on allotment and ₹ 3 on first call. They all fail to pay their arrears and the second call of ₹ 2 per share. Shares are forfeited and subsequently reissued @ ₹ 11 per share as fully paid-up. Journalise the above.

[Ans.: Capital Reserve – ₹ 2,500.]

Solution:-

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

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