Advertisement

Question no 38 Chapter 1- Class 12 Part 2 Unimax

Question no 38 Chapter 1- Class 12 Part 2 Unimax

Advertisement

Question No  38 Chapter 1 – Unimax Class 12 Part 2 – 2021

Money Ltd. forfeited 2,000 shares of ₹ 10 each issued at par for the non-payment the final call of ₹ 2 per shares. These shares were reissued @ ₹ 7 per share fully paid up. Pass the necessary journal entries in the books of the company.
(capital reserve = ₹ 10,000)

The solution of Question 38 Chapter 1 of +2 Part-2: –

Journal 

Date  Particulars
L.F.DebitCredit
 Shares capital A/cDr. 20,000 
 To Shares forfeited A/c   16,000
 To shares final call A/c   4,000
 (Being 2,000 shares forfeited for non-payment of final call money)    
 Bank A/cDr. 14,000 
 Shares forfeited A/cDr. 6,000 
 To Share capital A/c  20,000
 (Being reissued of 2,000 shares @ 7)    
 Shares forfeited A/cDr. 10,000 
 To Capital reserve A/c  10,000
 (Being transfer of forfeited shares account to capital reserve A/c)   

End of Solution


Check Out the Solution of all questions for this chapter:

The solution to all questions of Chapter No. 1 – Company Accounts (Share Capital) Class 12 Unimax is shown as follows, click on the image of the question to get the solution.

Question no 7 Chapter 1 – Class 12 Part 2 Unimax

Advertisement

Question no 19 Chapter 1- Class 12 Part 2 Unimax

Advertisement

Question no 35 Chapter 1- Class 12 Part 2 Unimax

Advertisement

Question no 47 Chapter 1- Class 12 Part 2 Unimax

Advertisement

Question no 59 Chapter 1- Class 12 Part 2 Unimax

Advertisement

Question no 71 Chapter 1- Class 12 Part 2 Unimax

Advertisement

Question no 83 Chapter 1- Class 12 Part 2 Unimax

Advertisement

Check out all books for PSEB

1. Comprehensive Solutions for All Chapters of Advanced Accountancy Part 1 Class 12 by Unimax

UnimaxSolutions.in offers a comprehensive solution for students studying Advanced Accountancy Part 1 in Class 12. With their meticulously curated study material, students can access comprehensive solutions to all the questions in each chapter. By selecting the chapter name from the study material, students can easily navigate through the topics and find detailed explanations and step-by-step solutions to the problems presented in that section. Whether it’s understanding complex accounting concepts, mastering calculation techniques, or analyzing financial statements, Unimax provides a valuable resource to aid students in their learning journey. With these comprehensive solutions at their disposal, students can enhance their understanding, clarify doubts, and improve their problem-solving skills in Advanced Accountancy, ensuring they are well-prepared for their Class 12 examinations.

2. Comprehensive Solutions for All Chapters of Advanced Accountancy Part 2 Class 12 by Unimax

UnimaxSolutions.in presents an exceptional resource for students studying Advanced Accountancy Part 2 in Class 12. With their comprehensive study material, students can conveniently access extensive solutions to all the questions in each chapter. By simply selecting the desired chapter from the study material, students can effortlessly navigate through the topics and gain access to detailed explanations and step-by-step solutions to every problem presented in that particular section. Whether it involves understanding intricate accounting principles, honing calculation techniques, or analyzing complex financial statements, Unimax provides a valuable tool to support students in their learning journey. Equipped with these comprehensive solutions, students can enhance their comprehension, resolve any uncertainties, and strengthen their problem-solving abilities in Advanced Accountancy, empowering them to excel in their Class 12 examinations with confidence.

Punjab School Education Board (PSEB) Solutions of Usha Publication.

If you’re a student enrolled in the Punjab School Education Board Class 12, exploring a wide range of books to cover the syllabus thoroughly is essential. While the prescribed textbooks are undoubtedly valuable, supplementing your studies with additional resources can enhance your understanding and knowledge. Consider checking out other books that align with the curriculum, offering different perspectives and insights on the subjects you’re studying. These supplementary materials can provide you with alternative explanations, practice questions, and examples that may aid in clarifying complex concepts. Moreover, exploring diverse sources can expose you to various writing styles and viewpoints, fostering a broader understanding of the subjects. So, seize the opportunity to expand your learning by delving into other books that can complement your studies and contribute to your academic growth.

Advertisement

Leave a Reply

Your email address will not be published. Required fields are marked *