[CBSE] Q. 74 Solution of Accounting for Share Capital TS Grewal Class 12 (2023-24)

Are you looking for the solution to Question number 74 of the Accounting for Share Capital chapter of TS Grewal Book 2023-24 Edition CBSE Board?

Pass Journal entries in the following cases:

NK Ltd. forfeited 200 Equity Shares of ₹ 10 each, issued at a premium of ₹ 5 per share, held by Ram for non-payment of the final call of ₹ 3 per share. of thse, 100 shares were reissued to Vishu at a discount of ₹ 4 per share.

[Ans.: Capital Reserve – ₹ 300.]

Solution:-