[CBSE] Q. 91 Accounting for Share Capital Solution of TS Grewal Class 12 (2026-27)
The solution to Question number 91 of the Accounting for Share Capital chapter of TS Grewal Book 2026-27 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.]
Solution:-
