[NCERT] Q 6 Accounting for Share Capital Solutions Class 12 (2022-23)

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Solutions of Question number 6 Accounting for Share Capital NCERT Accountancy solutions Class 12 CBSE Board 2022-23 Session?

A limited company offered for subscription of 1,00,000 equity shares of ₹ 10 each at a premium of ₹ 2 per share, 2,00,000 10% Preference Shares of ₹ 10 each at par.

The amount on share was payable as under:

Equity SharesPreference Shares
On Application₹ 3 per share₹ 3 per share
On Allotment₹ 5 per share
(including premium)
₹ 4 per share
On First Call₹ 4 per share₹ 3 per share

All the shares were fully subscribed, called-up and paid.

Solution:-

Below are the solutions

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Anurag Pathak

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