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Question 35 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Posted by By Harveerjot Singh 3 Min Read July 13, 2024
Q-35- CH-8 - Usha +2 Book 2018 - Solution-min
Q-35- CH-8 - Usha +2 Book 2018 - Solution-min

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Question 35 Chapter 8 of +2-Part-1

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35. (Issue at Premium/Forfeiture/Reissue) Anchor Company forfeited 800 shares of Rs. 10 each, which were issued at 20% premium. Allotment money of Rs. 5 (including premium) and final call of Rs. 3 were not received. Out of these 500 shares were reissued at Rs. 8 per share fully paid up.

(b) What difference will it make if 500 shares are reissued at Rs, 14 per share.

The solution of Question 35 Chapter 8 of +2 Part-1: –

Day 177 Solution of Questions 29 to 35 Share Capital Chapter 8 Accounts Part B class 12 PSEB
Watch this video on YouTube.

Journal
Date  Particulars
L.F.DebitCredit
A)Share capital A/c (800 X 10)Dr. 8,000 
 Securities Premium A/c (800X 2)Dr. 1,600 
 To Share Allotment A/c (800X 4)   3,200
 To Share Forfeited A/c (800X 8)   6,400
 (Being forfeiture of 800 shares due to non payment of allotment @ RS. 5 & final call Rs. 3 )   
     
 Bank A/c (500X 8)Dr. 4,000 
 Share Fortified A/cDr. 1,000 
 To Share Capital A/c  5,000
 (Being 500 share reissued @ Rs. 8)   
     
 Share Fortified A/cDr. 1,000 
 To Capital Reserve A/c  1,000
 (Being amount transferred to cap. reserve 32,000/800 X 500= 2000-1000 = Rs. 1,000)   
     
B)Bank A/c ( 500X 14)Dr. 7,000 
 To Share Capital A/c ( 500X 10)  5,000
 To Securities Premium A/c  2,000
 (Being 500 share reissued @ Rs. 14)   
     
 Share Fortified A/c (8000-2000)Dr. 2,000 
 To Capital Reserve A/c  2,000
 (Being amount transferred to cap. reserve 32,000/800 X 500= Rs. 2,000)   

It all about Question 35 Chapter 8 of +2-Part-1, If you have any problem please comment below.

Forfeiture of shares – Its accounting Entries

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End of Solution

Check Out the Solution of all questions of this chapter:

The solution to all questions of Chapter No. 8 – Company Accounts (Share Capital) Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

Question 01 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 02 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 03 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 04 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 05 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 06 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 07 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 08 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 09 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 10 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 11 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 12 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 13 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 14 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 15 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 16 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 17 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 18 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 19 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 19 A Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 19 B Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 19 C Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 19D Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 20 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 21 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 22 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 23 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 24 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 25 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 26 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 46 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 27 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 28 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 29 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 30 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 31 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 32 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 33 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 34 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 35 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 36 Chapter 8 of +2-Part-1 – USHA Publication

Question 3 Chapter 8 of +2-Part-1 – USHA Publication

Question 38 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 39 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 40 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 41 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 42 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 43 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 44 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 45 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 47 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 48 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 49 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 50 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 51 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 52 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 53 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

Chapter No. 8 – Company Accounts (Share Capital)

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Chapter No. 9 – Company Accounts (Issue of Debentures)

Chapter No. 10 – Company Accounts (Redemption of Debentures)

Chapter No. 11 – Financial Statements of a Company

Chapter No. 12 – Financial Statement Analysis

Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size

Chapter No. 14 – Accounting Ratios

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Chapter No. 15 – Cash Flow Statement

Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication

Check out Part 1 of both books.

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1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication

Accountancy – Part 1 Class 12 – Session 2024-25 – Solution for free

2. Advanced Accountancy Part 1 Class 12 by Unimax Publication

Advanced Accountancy II Part 1 Class 12 – Solution for free

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