Q 8 DK Goel Issue of Shares Solutions Class 12 CBSE (2024-25)
Solutions of Question number 8 of Accounting for Companies Issue of shares chapter 6 of DK Goel Class 12 CBSE (2024-25)
Q. 8. Kiran Textiles Ltd. issued 50,000 Equity Shares of ₹ 10 each at a premium of ₹ 4 per share and 2,000, 6% Preference Shares of ₹ 100 each at par payable as follows:
| Equity Shares (₹) | Preference Shares (₹) | |
| On Application | 3.50 | 30 |
| On Allotment | 6.50 | 20 |
| On First Call | 2 | 25 |
| On Final Call | 2 | 25 |
All these shares were fully subscribed, called-up and paid. Record these transactions in journal and cash book.
[Ans. Cash at Bank ₹ 9,00,000.]
Solultion:-
