[ISC] Q. 2 Solution of Accounting for Share Capital TS Grewal Class 12 (2022-23)

Are you looking for the solution to Question number 2 of the Accounting for Share Capital chapter of TS Grewal Book 2022-23 Edition ISC Board?

Chamomile Ltd. was registered with Authorised Capital of ₹ 20,00,000 divided into 1,00,000 Equity Shares of ₹ 10 each and 10,000; 10% Preference Shares of ₹ 100 each.

The Company issue to public 55,000 Equity Shares for subscription and alos 10,000; 10% Preference Shares.

Applications were received for 50,000 Equity Shares and 10,000; 10% Preference Shares. The nominal value of Equity Shares and ₹ 80 on 10% Preference Shares were called-up. The amount called on both the Equity Shares and Preference Shares were duly received.

Show Share Capital in the Balance Sheet of the Company.

Solution:-

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

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