[CBSE] Q. 63 Solution of Accounting for Share Capital TS Grewal Class 12 (2022-23)

Are you looking for the solution to Question number 63 of the Accounting for Share Capital chapter of TS Grewal Book 2022-23 Edition CBSE Board?

Kwality Hospitality Ltd. incorporated with authorised capital of ₹ 10,00,000, 1,00,000 equity sahres of ₹ 10 each issued 50,000 equity shares for subscription payable ₹ 4 on application, ₹ 3 on allotment and balance on first and final call. The shares were subscribed, and due amount were receive except first and final call on 4,000 shares. These shares were forfetied. Later, half the shares were reissued as fully paid-up and ₹ 4,000 were transferred to Capital Reserve.

Pass the Journal entry for reissue of shares.

[Ans.: Amount received on reissue of shares – ₹ 10,000.]

Solution:-

As per the question you only have to pass the reissue of shares journal entry that is 8th Journal entry as per solution.

I only have passed all journal entry just for the sake of your Knowledge.

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

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4	Question – 4
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