[CBSE] Q. 71 Solution of Accounting for Share Capital TS Grewal Class 12 (2022-23)

Are you looking for the solution to Question number 71 of the Accounting for Share Capital chapter of TS Grewal Book 2022-23 Edition CBSE Board?

Pass necessary Journal entries in the books of the company for the following transactions:

Vishesh Ltd.forfeited 1,000 Equity Shares of ₹10 each issued at a premium of ₹ 2 per share for non- payment of allotment money of ₹ 5 per share including premium.The final call of ₹ per share was not yet called on these shares.of the forfeited shares 800 shares were reissued at ₹ 12 per share as fully paid -up The remaining shares were reissued at ₹ 11per share fully paid- up.

[Ans.: Capital Reserve-₹ 5,000.]

Solution:-

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

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