The solution to Question number 14 of the Accounting for Share Capital chapter of TS Grewal Book 2025-26 Edition
National Textiles Ltd. was registered with the authorised capital of ₹ 3,00,000 divided into 3,000 shares of ₹ 100 each, which were offered to the public. Amount payable as ₹ 300 per share on application, ₹ 40 per share on allotment and ₹ 30 per share on first and final call. These shares were fully subscribed and all money was duly received.
Prepare Cash Book, Journal and Balance Sheet showing Share Capital.
Solution:-
