[CBSE] Q. 64 Solution of Accounting for Share Capital TS Grewal Class 12 (2022-23)

Are you looking for the solution to Question number 64 of the Accounting for Share Capital chapter of TS Grewal Book 2022-23 Edition CBSE Board?

A share of ₹ 100 issued at a premium of ₹ 10 in which ₹ 80 (including premium) was called and ₹ 60 (including premium) was paid, has been forfeited. This share was afterwards reissued as fully paid-up for ₹ 70. Give Journal entries to record the above.

[Ans.: Capital Reserve – ₹ 20.]

Solution:-

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

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