[CBSE] Q. 79 Solution of Accounting for Share Capital TS Grewal Class 12 (2023-24)

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Are you looking for the solution to Question number 79 of the Accounting for Share Capital chapter of TS Grewal Book 2023-24 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 ₹ 2 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 ₹ 11 per share fully paid-up.

[Ans.: Capital Reserve – ₹ 5,000.]

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Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

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