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

Solution to Question number 12 of the Accounting for Share Capital chapter of TS Grewal Book 2022-23 Edition ISC Board?

Herbal Ltd. is registered with an authorised capital of ₹ 12,50,000 divided into 1,25,000 Equity Shares of ₹ 10 each. It has an existing issued and fully paid-up Equity Share Capital of ₹ 4,00,000. It purchased a machine for ₹ 4,00,000 and issued 40,000 fully paid Equity Shares to the vendor.

Show the Share capital in the Balance Sheet of Herbal Ltd.

Solution:-

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

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