[CBSE] Q. 8 Solution of Accounting for Share Capital TS Grewal Class 12 (2023-24)

Are you looking for the solution to Question number 8 of the Accounting for Share Capital chapter of TS Grewal Book 2023-24 Edition CBSE Board?

Akanksha Leathers Ltd. invited applications for 10,000 shares of ₹ 100 each payable as follows:

₹ 30 on application, ₹ 30 on allotment and balance on first and final call.

All the shares were applied and allotted and the money was duly received.

You are required to Journalise these transactions and show share capital in the Balance Sheet.

Solution:-