Past Examination & Sample Paper Solution| CBSE2018C| Share Capital| Class12| Accounts @learnwithease

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Past Examination & Sample Paper Solution| CBSE 2018 C| Share Capital| Class12| Accounts @learnwithease
Accounting For Share Capital| T S Grewal 2024| Q 110| Ch 8| Class 12| Accounts @learnwithease
Issue of Shares basics and introduction
Journal entries of Issue Of Shares
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Solution of CBSE 2018 C Question Paper Chapter 8 Issue of Shares Company Accounts Class 12 T S Grewal 2024
Janta Ltd. had an authorised capital of 2,00,000 equity shares of Rs.10 each. The company offered to the public for subscription 1,00,000 shares. Applications were received for 97,000 shares. The amount was payable as follows: on application Rs.2 per share, Rs.4 payable each on allotment and first and final call. A shareholder holding 600 shares failed to pay the allotment money. His shares were forfeited. The company did not make the first and final call.
Present the share capital in the Balance Sheet of the company as per Schedule III of the Companies Act, 2013. Also prepare Notes to Accounts.

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