[CBSE] Q. 68 Accounting for Share Capital Solution of TS Grewal Class 12 (2026-27)
The solution to Question number 68 of the Accounting for Share Capital chapter of TS Grewal Book 2026-27 Edition CBSE Board
A company forfeited 4,000 shares of ₹ 10 each fully called-up, on which application money of ₹ 3 each has been paid. Out of these, 2,000 shares were reissued as fully paid-up for ₹ 18,000.
Pass necessary Journal entries for above transactions.
[Ans.: Capital Reserve – ₹ 4,000.]
Solution:-
