[ISC] Q. 75 Solution of Accounting for Share Capital TS Grewal Class 12 (2022-23)

Solution to Question number 75 of the Accounting for Share Capital chapter of TS Grewal Book 2022-23 Edition ISC Board?

Pass Journal entries in the following cases:

(i) Ebony Limited forfeited 100 shares of ₹ 10 each issued at par to Mahesh on which he had paid ₹ 2 per share. Out of these 80 shares were reissued @ ₹ 6 per share to Suresh, ₹ 8 paid-up.

(ii) DS Business Solutionsd Ltd. forfeited 2,000 Equity Shares of ₹ 10 each, issued at a premium of ₹ 5 per share, held by Ram for non-payment of the final call of ₹ 3 per share. Of these 100 shares were reissued to Vishu at a discount of ₹ 4 per share.

Solution:-

Issue of Share chapter Solutions of TS Grewal Class 12 Accountancy ISC 2022-23

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