[CBSE] Q. 8 Accounting for Share Capital Solution of TS Grewal Class 12 (2026-27)

The solution to Question number 8 of the Accounting for Share Capital chapter of TS Grewal Book 2026-27 Edition CBSE Board

Pink Roses Ltd. was registered with capital of ₹ 25,00,000 divided into 25,000 Equity Shares of ₹ 100 each. It issued 15,000 Equity Shares to public for subscription. The shares were subscribed and calls were made and received except allotment money of ₹ 40 on 100 shares held by Parul and first and final call of ₹ 20 on 500 shares, including shares held by Parul.

Prepare Balance Sheet of the company showing Share Capital.

[Ans.: Subscribed and Fully Paid-up Capital – ₹ 14,50,000; Subscribed But Not Fully Paid-up Capital – ₹ 36,000; Call-in-Arrears – ₹ 14,000.]

Solution:

Pink Roses Ltd.