[CBSE] Q. 62 Solution of Accounting for Share Capital TS Grewal Class 12 (2023-24)

Share your love

Are you looking for the solution to Question number 62 of the Accounting for Share Capital chapter of TS Grewal Book 2023-24 Edition CBSE Board?

Give necessary Journal entries:

(i) The Directors of Devendra Ltd. resolved on 1st January, 2010 that 100 Equity Shares of ₹ 10 each, ₹ 8 paid-up forfeited for non-payment of final call of ₹ 2. On 1st February, 60 of these shares were reissued @ ₹ 7 per share as fully paid-up.

(ii) Virender Limited forfeited 20 shares of ₹ 100 each (₹ 60 called-up) issued at par to Mukesh on which he had paid ₹ 20 per share. Out of these, 15 shares were reissued to Sanjeev as ₹ 60 paid-up for ₹ 45 per share.

[Ans.: (i) Capital Reserve – ₹ 300; (ii) Capital Reserve – ₹ 75.]


Share your love
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 and can download the Android & ios app for free lectures.

Articles: 4740

Leave a Reply

Your email address will not be published. Required fields are marked *


Ad Blocker Detected!

Our Website is made possible by displaying online advertisements to our visitors. Please consider supporting us and remove the AD - Blocker to read this article.


error: Content is protected !!