[ISC] Q. 30 Solution of Accounting for Share Capital TS Grewal Class 12 (2022-23)

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Solution to Question number 30 of the Accounting for Share Capital chapter of TS Grewal Book 2022-23 Edition ISC Board?

Inam Urbanline Ltd. invited applications for 10,000 shares of ₹ 10 each payable as ₹ 2 on application, ₹ 3 on allotment (on 1st May, 2020), ₹ 3 on first call (on 1st October, 2020) and ₹ 2 on final call (on 1st February, 2021). All the shares were applied for and allotted. Arvind to whom 200 shares were allotted paid the total amount on his shares along with allotment money. Interest was paid to Arvind on 1st February, 2021. All amounts were duly received. Pass Journal entries.

Solution:-

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

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