[CBSE] Q. 9 Solution of Accounting for Share Capital TS Grewal Class 12 (2022-23)

Are you looking for the solution to Question number 9 of the Accounting for Share Capital chapter of TS Grewal Book 2022-23 Edition CBSE Board?

Modern Dairies Ltd. was registered with an authorised capital of ₹ 10,00,000 divided into 7,500 Equity shares of ₹ 100 each and 2,500 Preference Shares of ₹ 100 each. 1,000 Equity Shares and 500; 9% Preference Shares were offered to public on the following terms- Equity Shares payable ₹ 10 on application,₹ 40 on allotment and the balance in two calls of ₹ 25 each.Preference Share sare payable ₹ 25on application,₹ 25 on allotment and ₹ 50 on first and final call.All the shares were applied for and allotted.Amount due was duly received.Prepare Cash Book and pass necessary Journal entries to record the above issue of shares and show how the Share Capital Will be shown in the Balance Sheet.

Solution:-

Issue of Share chapter Solutions of TS Grewal Class 12 Accountancy CBSE 2022-23

Let’s Practice

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