[CBSE] Q. 72 Accounting for Share Capital Solution of TS Grewal Class 12 (2026-27)
The solution to Question number 72 of the Accounting for Share Capital chapter of TS Grewal Book 2026-27 Edition CBSE Board
The Directors of Khyati Ltd. resolved on 1st May, 2020 that 2,000 Equity Shares of ₹ 10 each, ₹ 7.50 paid be forfeited for non-payment of final call of ₹ 2.50. On 10th June, 2020, 1,800 of these shares were reissued for ₹ 6 per share. Give necessary Journal entries. Give necessary Journal entries.
[Ans.: Capital Reserve – ₹ 6,300.]
Solution:-
