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