Q: T.S. Grewal Class 12 Vol 2 Chapter 1 Q.3 - Share Capital

Question 3 Sunstar Ltd. has an authorised capital of ₹20,00,000, divided into equity shares of ₹10 each. The company invited applications for 60,000 shares. Applications were received for 58,000 shares. All calls were made and duly received except the final call of ₹3 per share on 2,000 shares. Present the Share Capital in the Balance Sheet as per Schedule III, Part I of the Companies Act, 2013, along with Notes to Accounts. (CBSE 2023) Solution BALANCE SHEET OF SUNSTAR LTD. (E

Q: T.S. Grewal Class 12 Vol 2 Chapter 1 Q.4 - Share Capital

Question 4 Star Ltd. is registered with a capital of ₹50,00,000 divided into 50,000 equity shares of ₹100 each. The company issued 25,000 equity shares for subscription. Subscription was received for 23,750 shares, and all due amounts were received except the first and final call of ₹20 per share on 600 shares. Show the Share Capital in the Balance Sheet. Solution BALANCE SHEET OF STAR LTD. (Extract) ParticularsNote No.₹ I. Equity and Liabilities Shareholders’ Fun

Q: T.S. Grewal Class 12 Vol 2 Chapter 1 Q.5 - Share Capital

Question 5 Grand Hotels Ltd. had an authorised capital of ₹50,00,000 divided into 50,000 Equity Shares of ₹100 each. It issued 10,000 Equity Shares to the public for subscription: On Application ₹40 per share; On Allotment ₹30 per share; balance on First and Final Call. Shares were fully subscribed and amounts called were duly received. The First and Final Call was not yet made. Prepare the Balance Sheet of the company showing Share Capital. Solution BALANCE SHEET OF GRAN

Q: T.S. Grewal Class 12 Vol 2 Chapter 1 Q.7 - Share Capital

Question 7 Excel Ltd. was registered with a capital of ₹5,00,000 divided into 50,000 Equity Shares of ₹10 each. It issued 20,000 Equity Shares to the public for subscription. The shares were subscribed, and calls were made and received except the first and final call of ₹2 on 500 shares held by Varun. Prepare the Balance Sheet showing Share Capital. Solution BALANCE SHEET OF EXCEL LTD. (Extract) ParticularsNote No.₹ Shareholders’ Funds: Share Capital11,99,000 NOT

Q: T.S. Grewal Class 12 Vol 2 Chapter 1 Q.8 - Share Capital

Question 8 Red Roses Ltd. was registered with a capital of ₹25,00,000 divided into 25,000 Equity Shares of ₹100 each. It issued 15,000 Equity Shares to the public for subscription. The shares were subscribed and calls were made and received except the allotment money of ₹40 on 100 shares held by Parul, and the first and final call of ₹20 on 500 shares (including the shares held by Parul). Prepare the Balance Sheet showing Share Capital. Solution BALANCE SHEET OF RED ROSES

Q: T.S. Grewal Class 12 Vol 2 Chapter 1 Q.10 - Share Capital

Question 10 Shuchi Ltd. was registered with a capital of ₹5,00,000 in shares of ₹10 each, and issued 20,000 such shares at a premium of ₹2 per share, payable ₹2 per share on application, ₹5 per share on allotment (including premium), and ₹2 per share on first call, made three months later. All money on application and allotment was duly received, but when the first call was made, one shareholder paid the entire balance on his holding of 300 shares, and another

Question 1

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.1 - Share Capital

Sarbjit Singh · Accepted Answer

Question 1
Global Trade Ltd. has an authorised share capital of &#8377;1,00,00,000 divided into 1,00,000 Equity Shares of &#8377;100 each. It has an existing issued and paid-up capital of &#8377;25,00,000. It further issued to the public 25,000 Equity Shares at a premium of 20% for subscription, payable as: On Application &#8377;30; On Allotment &#8377;60; On Call the balance. The issue was fully subscribed and allotment was made to all applicants. The company did not make the call during the ye

Question 2

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.2 - Share Capital

Sarbjit Singh · Accepted Answer

Question 2
Shri Ganga Ltd. was registered with an authorised capital of &#8377;7,00,000, divided into Equity Shares of &#8377;10 each. It offered to the public for subscription 50,000 equity shares, payable as: On Application &#8377;4 per share; On Allotment &#8377;4 per share; On First and Final Call the balance. The issue was fully subscribed. All amounts were duly received except the first and final call on 4,000 shares. Show the Share Capital in the Balance Sheet as per Schedule III, Part I

Question 3

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.3 - Share Capital

Sarbjit Singh · Accepted Answer

Question 3
Sunstar Ltd. has an authorised capital of &#8377;20,00,000, divided into equity shares of &#8377;10 each. The company invited applications for 60,000 shares. Applications were received for 58,000 shares. All calls were made and duly received except the final call of &#8377;3 per share on 2,000 shares. Present the Share Capital in the Balance Sheet as per Schedule III, Part I of the Companies Act, 2013, along with Notes to Accounts. (CBSE 2023)
Solution
BALANCE SHEET OF SUNSTAR LTD. (E

Question 4

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.4 - Share Capital

Sarbjit Singh · Accepted Answer

Question 4
Star Ltd. is registered with a capital of &#8377;50,00,000 divided into 50,000 equity shares of &#8377;100 each. The company issued 25,000 equity shares for subscription. Subscription was received for 23,750 shares, and all due amounts were received except the first and final call of &#8377;20 per share on 600 shares. Show the Share Capital in the Balance Sheet.
Solution
BALANCE SHEET OF STAR LTD. (Extract)

ParticularsNote No.&#8377;
I. Equity and Liabilities
Shareholders&#8217; Fun

Question 5

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.5 - Share Capital

Sarbjit Singh · Accepted Answer

Question 5
Grand Hotels Ltd. had an authorised capital of &#8377;50,00,000 divided into 50,000 Equity Shares of &#8377;100 each. It issued 10,000 Equity Shares to the public for subscription: On Application &#8377;40 per share; On Allotment &#8377;30 per share; balance on First and Final Call. Shares were fully subscribed and amounts called were duly received. The First and Final Call was not yet made. Prepare the Balance Sheet of the company showing Share Capital.
Solution
BALANCE SHEET OF GRAN

Question 6

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.6 - Share Capital

Sarbjit Singh · Accepted Answer

Question 6
Altaur Ltd. was registered with an authorised capital of &#8377;4,00,00,000, divided into 25,00,000 Equity Shares of &#8377;10 each and 1,50,000 9% Preference Shares of &#8377;100 each. The company issued 8,00,000 Equity Shares for public subscription at a 20% premium, payable &#8377;3 on application, &#8377;7 on allotment (including premium), and the balance on call. The public applied for 10,00,000 shares; excess applications were sent letters of regret. All allotment dues were rece

Question 7

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.7 - Share Capital

Sarbjit Singh · Accepted Answer

Question 7
Excel Ltd. was registered with a capital of &#8377;5,00,000 divided into 50,000 Equity Shares of &#8377;10 each. It issued 20,000 Equity Shares to the public for subscription. The shares were subscribed, and calls were made and received except the first and final call of &#8377;2 on 500 shares held by Varun. Prepare the Balance Sheet showing Share Capital.
Solution
BALANCE SHEET OF EXCEL LTD. (Extract)

ParticularsNote No.&#8377;
Shareholders&#8217; Funds: Share Capital11,99,000

NOT

Question 8

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.8 - Share Capital

Sarbjit Singh · Accepted Answer

Question 8
Red Roses Ltd. was registered with a capital of &#8377;25,00,000 divided into 25,000 Equity Shares of &#8377;100 each. It issued 15,000 Equity Shares to the public for subscription. The shares were subscribed and calls were made and received except the allotment money of &#8377;40 on 100 shares held by Parul, and the first and final call of &#8377;20 on 500 shares (including the shares held by Parul). Prepare the Balance Sheet showing Share Capital.
Solution
BALANCE SHEET OF RED ROSES

Question 9

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.9 - Share Capital

Sarbjit Singh · Accepted Answer

Question 9
East India Hotels Ltd. was registered with an authorised capital of &#8377;25,00,000 divided into 2,50,000 Equity Shares of &#8377;10 each. It issued 1,50,000 Equity Shares to the public for subscription. The shares were subscribed, and calls were made and received. The first and final call of &#8377;3 was not made. Paresh, holder of 5,000 shares, paid the call money along with the allotment money. Prepare the Balance Sheet showing Share Capital.
Solution
BALANCE SHEET OF EAST INDIA H

Question 10

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.10 - Share Capital

Sarbjit Singh · Accepted Answer

Question 10
Shuchi Ltd. was registered with a capital of &#8377;5,00,000 in shares of &#8377;10 each, and issued 20,000 such shares at a premium of &#8377;2 per share, payable &#8377;2 per share on application, &#8377;5 per share on allotment (including premium), and &#8377;2 per share on first call, made three months later. All money on application and allotment was duly received, but when the first call was made, one shareholder paid the entire balance on his holding of 300 shares, and another

Question 11

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.11 - Share Capital

Sarbjit Singh · Accepted Answer

Question 11
Global Sales Ltd. issued 2,50,000 Equity Shares of &#8377;10 each to the public at par for subscription, the amount being payable entirely as application money. Pass the necessary Journal entries in the books of the company.
Solution
JOURNAL

DateParticularsL.F.Dr. (&#8377;)Cr. (&#8377;)
Bank A/c    Dr.25,00,000
   To Equity Share Application A/c25,00,000
(Share application money received for 2,50,000 equity shares of &#8377;10 each)
Equity Share Applica

Question 12

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.12 - Share Capital

Sarbjit Singh · Accepted Answer

Question 12
The authorised capital of &#8377;16,00,000 of Bharat Ltd. is divided into 1,60,000 Equity Shares of &#8377;10 each. Of these, 80,000 Equity Shares were issued at par to the public for subscription. The full nominal value is payable on application. All the shares were subscribed by the public, and the total amount was paid. Pass the necessary Journal entries in the books of the company.
Solution
JOURNAL

DateParticularsL.F.Dr. (&#8377;)Cr. (&#8377;)
Bank A/c    Dr.8,00,

Question 13

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.13 - Share Capital

Sarbjit Singh · Accepted Answer

Question 13
Vivan Ltd. invited applications for 10,000 shares of &#8377;100 each, payable as: &#8377;30 on application, &#8377;30 on allotment, &#8377;20 on first call, and the balance on final call. All the shares were applied for and allotted, and all the money was duly received. Journalise these transactions and show Share Capital in the Balance Sheet.
Solution
JOURNAL (Books of Vivan Ltd.)

DateParticularsL.F.Dr. (&#8377;)Cr. (&#8377;)
Bank A/c    Dr.3,00,000
  &nbsp

Question 14

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.14 - Share Capital

Sarbjit Singh · Accepted Answer

Question 14
National Textiles Ltd. was registered with an authorised capital of &#8377;3,00,000, divided into 3,000 shares of &#8377;100 each, which were offered to the public. Amount payable: &#8377;30 per share on application, &#8377;40 per share on allotment, &#8377;30 per share on first and final call. These shares were fully subscribed and all money was duly received. Prepare the Journal and Cash Book.
Solution
JOURNAL

DateParticularsL.F.Dr. (&#8377;)Cr. (&#8377;)
Share Application A/c &nb

Question 15

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.15 - Share Capital

Sarbjit Singh · Accepted Answer

Question 15
Modern Dairies Ltd. was registered with an authorised capital of &#8377;10,00,000, divided into 7,500 Equity Shares of &#8377;100 each and 2,500 9% Preference Shares of &#8377;100 each. 1,000 Equity Shares and 500 9% Preference Shares were offered to the public: Equity Shares payable &#8377;10 on application, &#8377;40 on allotment, and the balance in two calls of &#8377;25 each; Preference Shares payable &#8377;25 on application, &#8377;25 on allotment, and &#8377;50 on first and fi

Question 16

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.16 - Share Capital

Sarbjit Singh · Accepted Answer

Question 16
Premio Ltd. issued 50,000 Equity Shares of &#8377;100 each at a premium of &#8377;50 per share, payable &#8377;100 per share on application and the balance on allotment. The issue was subscribed, and shares were issued to the applicants. Pass the necessary Journal entries.
Solution
JOURNAL (Books of Premio Ltd.)

DateParticularsL.F.Dr. (&#8377;)Cr. (&#8377;)
Bank A/c    Dr.50,00,000
   To Share Application A/c50,00,000
(Application money received on 50,0

Question 17

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.17 - Share Capital

Sarbjit Singh · Accepted Answer

Question 17
Bharat Ltd. was incorporated with a capital of &#8377;20,00,000 divided into shares of &#8377;10 each. 20,000 shares were offered for subscription, and of these, 18,000 shares were applied for and allotted. &#8377;3 per share (including &#8377;1 premium) was payable on application, &#8377;4 per share (including &#8377;1 premium) on allotment, &#8377;2 per share on first call, and &#8377;3 per share on final call. All the money was received. Give the necessary Journal entries and show

Question 18

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.18 - Share Capital

Sarbjit Singh · Accepted Answer

Question 18
The authorised capital of Suhani Ltd. is &#8377;45,00,000, divided into 30,000 shares of &#8377;150 each. Of these, the company issued 15,000 shares of &#8377;150 each at a premium of &#8377;10 per share, payable: &#8377;50 per share on application, &#8377;40 per share on allotment (including premium), &#8377;30 per share on first call, and the balance on final call. The public applied for 14,000 shares. All money was duly received. Prepare an extract of the Balance Sheet as per Sche

Question 19

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.19 - Share Capital

Sarbjit Singh · Accepted Answer

Question 19
Bright Ltd. issued 80,000 Equity Shares of &#8377;10 each, against which it received applications for 1,20,000 shares. Application money was &#8377;4; Allotment money and First and Final Call were &#8377;3 each. Pass the Journal entry for allotment of shares in each of the following cases: Case 1: Excess applications were rejected. Case 2: Pro-rata allotment is made. Case 3: Applications for 20,000 shares were refused allotment, and pro-rata allotment was made to the remaining. Case

Question 20

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.20 - Share Capital

Sarbjit Singh · Accepted Answer

Question 20
Faber Ltd. invited applications for 70,000 equity shares of &#8377;100 each. The application money received @ &#8377;30 per share was &#8377;27,00,000. Name the kind of subscription, and list the three alternatives for allotting these shares.
Solution
Number of shares applied for = Total application money received &#247; application money per share = 27,00,000 &#247; 30 = 90,000 shares.
Shares offered by the company = 70,000. Since the number of shares applied for (90,000) exceeds th

Particulars	Note No.	₹
I. Equity and Liabilities
1. Shareholders’ Funds
a. Share Capital	1	42,50,000
b. Reserves and Surplus	2	5,00,000
Total		47,50,000
II. Assets
2. Current Assets: Cash and Cash Equivalents	3	47,50,000
Total		47,50,000

Particulars	₹
1. Share Capital
Authorised Share Capital: 1,00,000 Equity Shares of ₹100 each	1,00,00,000
Issued Share Capital: 25,000 + 25,000 Equity Shares of ₹100 each	50,00,000
Subscribed and Fully Paid-up: 25,000 Equity Shares of ₹100 each	25,00,000
Subscribed but not Fully Paid-up: 25,000 Equity Shares of ₹100 each, ₹70 called-up	17,50,000
Total Share Capital	42,50,000
2. Reserves and Surplus
Securities Premium Reserve (25,000 shares × ₹20 per share)	5,00,000
3. Cash and Cash Equivalents
Bank	47,50,000

T.S. Grewal Class 12 Vol 2 2025-2026 Solutions Chapter 1 - Share Capital

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T.S. Grewal Class 12 Vol 2 Chapter 1 Q.1 - Share Capital

Question 1

Solution

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.2 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.3 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.4 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.5 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.6 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.7 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.8 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.9 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.10 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.11 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.12 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.13 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.14 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.15 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.16 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.17 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.18 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.19 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.20 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.21 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.22 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.23 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.24 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.25 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.26 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.27 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.28 - Share Capital

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T.S. Grewal Class 12 Vol 2 Chapter 1 Q.36 - Share Capital

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T.S. Grewal Class 12 Vol 2 Chapter 1 Q.39 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.40 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.41 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.42 - Share Capital

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T.S. Grewal Class 12 Vol 2 Chapter 1 Q.44 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.45 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.46 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.47 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.48 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.49 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.50 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.51 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.52 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.53 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.54 - Share Capital

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T.S. Grewal Class 12 Vol 2 Chapter 1 Q.56 - Share Capital

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T.S. Grewal Class 12 Vol 2 Chapter 1 Q.58 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.59 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.60 - Share Capital

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T.S. Grewal Class 12 Vol 2 Chapter 1 Q.65 - Share Capital

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T.S. Grewal Class 12 Vol 2 Chapter 1 Q.68 - Share Capital

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T.S. Grewal Class 12 Vol 2 Chapter 1 Q.70 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.71 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.72 - Share Capital

T.S. Grewal Class 12 Vol 2 Chapter 1 Q.73 - Share Capital