[ISC] Q. 65 Accounting for Share Capital Solution TS Grewal Class 12 (2024-25)

Solution to Question number 65 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 Edition ISC Board.

Rajan Ltd. forfeited 200 shares of ₹ 10 each, issued at a premium of ₹ 5 per share, held by Mohan for non-payment of the final call of ₹ 3 per share. 100 out of these shares were reissued to Narender at ₹ 12 per share. Pass Journal entries and prepare Forfeited Shares Account.

Solution:-

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