[ISC] Q. 3 Solution of Accounting for Share Capital TS Grewal Class 12 (2022-23)

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Are you looking for the solution to Question number 3 of the Accounting for Share Capital chapter of TS Grewal Book 2022-23 Edition ISC Board?

Hiptage Ltd. is registered with a capital of ₹ 30,00,000 divided into Equity Shares of ₹ 10 each. 2,00,000 Equity Shares were issued for subscription to public. Applications were received for all the issued shares. All calls were made and amount was duly received except final call of ₹ 2 on 30,000 shares. Show Share Capital in the Balance Sheet of the Company.

Note: Problems related to Disclosure of Share Capital in Company’s Balance Sheet are also given under the head Issue of Shares at par and at premium, Forfeiture and Reissue of Forfeited Shares at par and at premium.

Solution:-

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

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Anurag Pathak

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