Day 186 Solution of Questions 57 & 58 Share Capital Chapter 8 Accounts Part B class 12 PSEB
00:00 Question No. 57: PCS Ltd. issued a prospectus inviting application for 20,000 shares of Rs. 10 each at a premium of Rs. 2 per share payable as follows: on application Rs. 5 (including premium) on allotment Rs.4 on call Rs. 3 Applications were received for 30,000 shares and allotment was made Prorata to applicant. for 24.000 shares. Excess money paid on application for these shares was utilised towards payment of allotment money. Vishal who applied for 600 shares failed to pay the allotment money and on his subsequent failure to pay the call, his shares were forfeited .Pass the necessary entries in the books of PCS Ltd. 13:06 Question No. 58: TCS Ltd. offered at par 10,000 shares of RS. 10 each for public subscription payable as follows: on application Rs. 3 on allotment Rs. 2 on first call Rs. 3 on final call Rs. 2 Public applied for 13,000 shares. Allotment was made prorata to the applicants of 12,000shares, application money on 1,000 shares being refunded. All the shareholders paid the amount due on allotment except Rakesh, the allotted of 200 shares. His shares were forfeited. First call was then made. Forfeited shares were re-issued @ Rs. 9 per share treated as Rs. 8 per share called up. You are required to show entries in the cash book and Journal. Teacher:- Mr. Sarbjit Singh Video Editor:- Mr. Kuljeet Singh !-------- Important Playlists---------! Accounts Class 11: - https://shorturl.at/ijkqE Accounts Class 12: - https://shorturl.at/bloZ5 Business Studies Class 11: https://shorturl.at/hwxEZ Business Studies Class 12: https://shorturl.at/rLRS5 Economics Class 11: https://urlis.net/3amiziu6 Economics Class 12: https://urlis.net/guqgyzyv Book Solutions Usha: https://urlis.net/bv9jzsqe !--------Book Solution PSEB---------! Usha Publication Part- l: - https://tutorstips.com/usha-publicati... Usha Publication Part- ll: - https://tutorstips.com/usha-publicati... Unimax Publication https://tutorstips.com/accountancy-un... Google Play Store App Link: https://clppaige.page.link/EhJq App Store App link: - https://apps.apple.com/us/app/classpl... Download the Class plus App and use our ORG Code: - vagce https://tutorstips.com/ https://tutorstips.in/ / tutorstips / tutorstips / tutors_tips / tutorstips Thanks for all your love and support. For any other details email - help@tutorstips.com Our partner: https://www.freepik.com/ and https://www.flaticon.com/ Accounts Class 12,Tutorstips,PSEB,Usha publication,Class 12 Online Tuition,Share Capital Chapter 8,share capital chapter class 12,share capital chapter 8 part 2,book solution accounts,class 12 accounts chapter 8 company accounts issue of shares,tutorstips,accounts class 12 chapterwise most important questions,pseb,pseb 12,Day 186 Solution of Questions 57 & 58 Share Capital Chapter 8 Accounts Part B class 12 PSEB,Solution of Questions 57 & 58 Share Capital Chapter 8 #sharecapital #class12 #accounting
