[ISC] Q. 4 Accounting for Share Capital Solution TS Grewal Class 12 (2023-24)

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Solution to Question number 4 of the Accounting for Share Capital chapter of TS Grewal Book 2023-24 Edition ISC Board?

Avery Ltd. issued for subscription on 1st April, 2021, 2,00,000 Equity Shares of ₹ 10 each at par payable on application. The company received applications for the issued shares by 30th April, 2021 and the shares were allotted on 15th May, 2021.

Pass necessary Journal entries in the books of the company.

Solution:-

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