[ISC] Q. 41 Solution of Accounting for Share Capital TS Grewal Class 12 (2022-23)
Solution to Question number 41 of the Accounting for Share Capital chapter of TS Grewal Book 2022-23 Edition ISC Board?
Home Depot Ltd. issued 20,000 Equity Shares of ₹ 10 each at par payable: on application ₹ 2 per share; on allotment ₹ 3 per share; on first call ₹ 3 per share and on final call ₹ 2 per share.
Mahesh was allotted 100 shares. Give necessary Journal entry relating to the forfeiture of shares in each of the following alternative cases:
Case 1: if Mahesh failed to pay the allotment money and his shares were forfeited.
Case 2: If Mahesh failed to pay the allotment money and on his subsequent failure to pay the first call, his shares were forfeited.
Case 3: If Mahesh failed to pay the first call and on his subsequent failure to pay the final call, his shares were forfeited.
Solution:-
Issue of Share chapter Solutions of TS Grewal Class 12 Accountancy ISC 2022-23
Let’s Practice
| S.N | Solutions |
| 1 | Question – 1 |
| 2 | Question – 2 |
| 3 | Question – 3 |
| 4 | Question – 4 |
| 5 | Question – 5 |
| 6 | Question – 6 |
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| 11 | Question – 11 |
| 12 | Question – 12 |
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| 41 | Question – 41 |
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| 71 | Question – 71 |
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| 78 | Question – 78 |
