The solution to Question number 9 of the Accounting for Share Capital chapter of TS Grewal Book 2025-26 Edition.
East India Hotels Ltd. was registered with authorised capital of ₹ 25,00,000 divided into 2,50,000 Equity Shares of ₹ 10 each. It issued 1,50,000 Equity Shares to public for subscription. The shares were subscribed and calls were made and received. First and final call of ₹ 3 was not made. Paresh holder of 5,000 shares paid the call money along with the allotment money.
Prepare Balance Sheet of the company showing Share Capital.
[Ans.: Subscribed But Not Fully Paid-up Capital – ₹ 10,50,000; Calls-in-Advance – ₹ 15,000.]
Solution:-
