[CBSE] Q. 73 Solution of Accounting for Share Capital TS Grewal Class 12 (2023-24)

Are you looking for the solution to Question number 73 of the Accounting for Share Capital chapter of TS Grewal Book 2023-24 Edition CBSE Board?

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

[Ans.: Capital Reserve – ₹ 20.]

Solution:-