[ISC] Q. 70 Accounting for Share Capital Solution TS Grewal Class 12 (2024-25)
Solution to Question number 70 of the Accounting for Share Capital chapter of TS Grewal Book 2024-25 Edition ISC Board.
Sunflower Ltd. forfeited 400 shares of ₹ 100 each issued at a premium of ₹ 10 per share on which allotment money of ₹ 50 per share (including premium) and first call of ₹ 20 per share were not received. The second and final call of ₹ 10 per share was not yet called by the company.
Pass the necessary Journal entries regarding forfeiture and reissue of shares in the following cases:
| Case 1: | If 300 of these shares were reissued at ₹ 90 paid-up (or called-up) for ₹ 70 per share. |
| Case 2: | If 300 of these shares were reissued for ₹ 70 per share, fully paid-up. |
| Case 3: | If 300 of these shares were reissued for ₹ 80 per share, fully paid-up. |
| Case 4: | If 300 of these shares were reissued for ₹ 80 per share. |
| Case 5: | If 300 of these shares were reissued at ₹ 120 per share as ₹ 90 paid-up. |
Solution:-
Let’s Practice
| S.N | Solutions |
| 1 | Question – 1 |
| 2 | Question – 2 |
| 3 | Question – 3 |
| 4 | Question – 4 |
| 5 | Question – 5 |
| 6 | Question – 6 |
| 7 | Question – 7 |
| 8 | Question – 8 |
| 9 | Question – 9 |
| 10 | Question – 10 |
| S.N | Solutions |
| 11 | Question – 11 |
| 12 | Question – 12 |
| 13 | Question – 13 |
| 14 | Question – 14 |
| 15 | Question – 15 |
| 16 | Question – 16 |
| 17 | Question – 17 |
| 18 | Question – 18 |
| 19 | Question – 19 |
| 20 | Question – 20 |
| S.N | Solutions |
| 21 | Question – 21 |
| 22 | Question – 22 |
| 23 | Question – 23 |
| 24 | Question – 24 |
| 25 | Question – 25 |
| 26 | Question – 26 |
| 27 | Question – 27 |
| 28 | Question – 28 |
| 29 | Question – 29 |
| 30 | Question – 30 |
| S.N | Solutions |
| 31 | Question – 31 |
| 32 | Question – 32 |
| 33 | Question – 33 |
| 34 | Question – 34 |
| 35 | Question – 35 |
| 36 | Question – 36 |
| 37 | Question – 37 |
| 38 | Question – 38 |
| 39 | Question – 39 |
| 40 | Question – 40 |
| S.N | Solutions |
| 41 | Question – 41 |
| 42 | Question – 42 |
| 43 | Question – 43 |
| 44 | Question – 44 |
| 45 | Question – 45 |
| 46 | Question – 46 |
| 47 | Question – 47 |
| 48 | Question – 48 |
| 49 | Question – 49 |
| 50 | Question – 50 |
| S.N | Solutions |
| 51 | Question – 51 |
| 52 | Question – 52 |
| 53 | Question – 53 |
| 54 | Question – 54 |
| 55 | Question – 55 |
| 56 | Question – 56 |
| 57 | Question – 57 |
| 58 | Question – 58 |
| 59 | Question – 59 |
| 60 | Question – 60 |
| S.N | Solutions |
| 61 | Question – 61 |
| 62 | Question – 62 |
| 63 | Question – 63 |
| 64 | Question – 64 |
| 65 | Question – 65 |
| 66 | Question – 66 |
| 67 | Question – 67 |
| 68 | Question – 68 |
| 69 | Question – 69 |
| 70 | Question – 70 |
| S.N | Solutions |
| 71 | Question – 71 |
| 72 | Question – 72 |
| 73 | Question – 73 |
| 74 | Question – 74 |
| 75 | Question – 75 |
| 76 | Question – 76 |
| 77 | Question – 77 |
| 78 | Question – 78 |
| 79 | Question – 79 |
| 80 | Question – 80 |
| S.N | Solutions |
| 81 | Question – 81 |
| 82 | Question – 82 |
| 83 | Question – 83 |
| 84 | Question – 84 |
| 85 | Question – 85 |
| 86 | Question – 86 |
| 87 | Question – 87 |
