[ISC] Q. 39 Accounting for Share Capital Solution TS Grewal Class 12 (2023-24)
Solution to Question number 39 of the Accounting for Share Capital chapter of TS Grewal Book 2023-24 Edition ISC Board?
Sagar Ltd. issued a prospectus inviting applications for 30,000 shares of ₹ 10 each at a premium of ₹ 2 per share payable as ₹ 2 on application, ₹ 5 (including premium on Allotment, ₹ 3 on first call and balance on second and final call.
Applications were received for 28,000 shares. All money were duly received. Pass the necessary Journal entries.
Solution:-
Let’s Practice
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