[CBSE] Q. 61 Solution of Accounting for Share Capital TS Grewal Class 12 (2023-24)

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Are you looking for the solution to Question number 61 of the Accounting for Share Capital chapter of TS Grewal Book 2023-24 Edition CBSE Board?

Super Star Ltd. makes an issue of 10,000 Equity Shares of ₹ 100 each, payable as:

On Application and Allotment₹ 50 per share,
On First Call₹ 25 per share,
On Second and Final Call₹ 25 per share,

Members holding 400 shares did not pay the second and final call and the shares are duly forfeited, 200 of which are reissued as fully paid-up @ ₹ 50 per share. Pass Journal entries in the books of the company.

[Ans.: Capital Reserve – ₹ 5,000.]

Solution:-

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Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

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