Welcome to CommerceNinja’s solutions for TS Grewal’s Class 12 Issue Of Shares for the session 2024-25.
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Q15. National Textiles Ltd. was registered with the authorised capital of ₹ 3,00,000 divided into 3,000 shares of ₹ 100 each, which were offered to the public. Amount payable as ₹ 300 per share on application, ₹ 40 per share on allotment and ₹ 30 per share on first and final call. These shares were fully subscribed and all money was duly received. Prepare Cash Book, Journal and Balance Sheet showing Share Capital.
SOLUTION:
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