[ISC] Q. 1 Accounting for Share Capital Solution TS Grewal Class 12 (2024-25)

Solution to Question number 1 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 Edition ISC Board

Nidhi Ltd. is registered with an authorised capital of ₹ 50,00,000 divided into Equity Shares of ₹ 10 each. The company issued all the shares for public subscription. Public applied for 4,50,000 shares and allotment was made to all the applicants. All the calls were made and were duly received. Show share capital in the Balance Sheet of Winkle Ltd.

Solution:-

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