NCERT Class 12 Accounting for Share Capital — Illustration 16, Poly Plastic Limited — Forfeiture and Reissue of Shares. This document covers three complete problems from Page 50 of the NCERT textbook. Problem 1 shows all 200 forfeited shares reissued where the Shares Forfeiture Account closes to NIL. Problem 2 is the NCERT original where 150 out of 200 shares are reissued and Capital Reserve is ₹4,500. Problem 3 is a practice problem where 100 out of 200 shares are reissued and Capital Reserve is ₹3,000. Every journal entry shows the calculation in brackets so students understand each figure clearly. A professional formula box explains how to calculate Capital Reserve when shares reissued are less than shares forfeited. Suitable for CBSE Class 12, Kerala State Board Plus Two Commerce, B.Com, BBA and MBA students. Prepared by Goodwill Tuition Centre for Accountancy and Income Tax Online, Ernakulam, Kerala. Call or WhatsApp 9567902805 to join online classes today. 

Illustration 1 — Mona Earth Mover Limited (Page 13) Topic: Oversubscription, Rejection, Refund and Calls in Arrears — all in one!

This is the flagship illustration of the chapter covering four important concepts together. The company issues 12,000 shares of ₹100 each but receives applications for 13,000 shares — 1,000 applications are rejected and money refunded. The shares are issued in four instalments and when the calls are made, 100 shareholders fail to pay both the first call and the final call, creating Calls in Arrears of ₹3,000. Students learn oversubscription handling, refund entries and calls in arrears — all in 8 journal entries. A must-master illustration for board exams!

Illustration 2 — Eastern Company Limited (Page 14) Topic: Simple Issue of Shares — The Perfect Starting Point

This is the simplest and most beginner-friendly illustration in the chapter. Eastern Company issues 40,000 shares of ₹10 each in three instalments — application, allotment and first & final call. Applications are received for exactly 40,000 shares — no oversubscription, no rejection, no arrears. Every rupee due is received on time. Students learn the basic flow of share capital journal entries cleanly and confidently before moving to complex problems. Perfect for first-time learners!

Illustration 3 — Cronic Limited (Page 16) Topic: Calls in Arrears

This illustration covers the journal entries for a company that issues 10,000 equity shares of ₹10 each in four instalments — application, allotment, first call and second & final call. All shares are fully subscribed and all amounts are paid on time except one shareholder holding 100 shares who fails to pay the final call. Students learn how to handle Calls in Arrears — an asset in the Balance Sheet — and how it affects the net cash received by the company.

Illustration 4 — Konica Limited (Page 19) Topic: Calls in Arrears AND Calls in Advance — both in one problem!

This is a slightly advanced illustration where a company issues 1,000 shares of ₹100 each. When the first call is made, two interesting things happen at the same time — one shareholder with 100 shares cannot pay (Calls in Arrears — Asset), while another shareholder with 50 shares pays the entire remaining uncalled amount in advance (Calls in Advance — Liability). Students learn how both concepts are recorded in a single combined journal entry — a very exam-important skill!

Accounting for Share Capital is presented here in a clear, exam-focused format, covering NCERT Class 12 Accountancy Part 2 Chapter 1 with fully solved Illustration 10 (Honda Limited) and Question 11 (Naman Limited). Special emphasis is given to Forfeiture of Shares, ensuring strong conceptual understanding and accuracy for problem-solving. This material is ideal for students preparing for the MGU B.Com 6th Semester March 2026 examination as well as CBSE Class 12 revision, offering structured solutions, clarity in journal entries, and efficient last-minute revision support. Prepared by Goodwill Tuition Centre, Ernakulam, backed by 28 years of expertise in accountancy coaching. WhatsApp: 9567902805. 

CBSE Class 12 Accountancy — Bhavans Vidya Mandir Kochi Cyclic Test Previous Year Questions 2024 and 2023 — Accounting for Share Capital — Complete Journal Entries with Step by Step Working Notes including Calls in Arrears, Calls in Advance, Forfeiture of Shares, Under Subscription, Application Money, Allotment Money and First and Final Call. Are you a parent in Ernakulam or Kochi searching for the best Plus Two Accountancy tuition for your child? Your search ends here. Goodwill Tuition Centre has been teaching CBSE and Kerala State Board Accountancy online since 1999 with over 25 years of trusted teaching experience. This study material solves two real Bhavans Vidya Mandir Cyclic Test exam questions from 2024 and 2023 on Share Capital, one of the most important and most feared chapters in CBSE Class 12 Accountancy and Kerala Plus Two Commerce. Students who study from this material consistently score full marks in Share Capital questions in CBSE Board Exams and Bhavans Cyclic Tests. This document covers journal entries for issue of shares, forfeiture of shares immediately after allotment before the final call is made, Calls in Arrears Account, Calls in Advance Account, under subscription of shares and verified balance confirmation for every key entry. Suitable for CBSE Class 12, Kerala State Board Plus Two Commerce, Bhavans Vidya Mandir Kochi, B.Com, BBA and students across Ernakulam, Kochi, Thrissur, Kozhikode and all of Kerala. Goodwill Tuition Centre for Accountancy and Income Tax Online, Ernakulam, Kerala, established 1999, 25 plus years experience. Call or WhatsApp 9567902805 to join online classes today and give your child the Goodwill advantage in CBSE and Plus Two Accountancy.

CBSE Class 12 Accountancy — Accounting for Share Capital. Journal Entries with Working Notes. Two problems from Bhavans Vidya Mandir Kochi Unit Tests — Apex Limited (Unit Test 2023) and Zenith Limited (Unit Test 2022). Covers Application, Allotment and First and Final Call. Calls in Arrears and Calls in Advance explained clearly. Forfeiture of shares with step-by-step Working Notes 1 to 9 with full calculations. Prepared by Goodwill Tuition Centre for Accountancy and Income Tax Online, Ernakulam, Kerala. Contact: 9567902805.

Looking for solved questions on Issue of Shares for Consideration Other Than Cash? You have come to the right place. This document provides complete journal entries for the Purchase of Business, step-by-step calculation of Purchase Consideration, Goodwill on Acquisition, and detailed Working Notes — exactly the way it is asked in Class 12 CBSE, CA Foundation, and B.Com university examinations.

This material is prepared by Goodwill Tuition Centre for Accountancy and Income Tax Online, Ernakulam, Kerala, established in 1999 with over 25 years of teaching experience. We offer online and offline coaching for Class 11, Class 12 CBSE and Kerala State Board, B.Com, BBA, MBA, CA Foundation, and CS Executive students across India and internationally.

For personalised coaching, study materials, and exam guidance, call or WhatsApp us at 9567902805. Visit our website at sites.google.com/view/goodwill-tuition-centre/home for more free resources.

Plus Two Company Accounts CBSE cyclic test question from Bhavans Vidya Mandir 2025 covering Calls in Arrears, Calls in Advance, Share Forfeiture, and Reissue of Shares at Premium in a single comprehensive problem. Includes journal entries, working notes, share capital accounting, and securities premium treatment presented in a clear, structured CBSE board exam format. Designed for Class 12 Accountancy students for school exams and board exam preparation. Prepared by Goodwill Tuition Centre, Ernakulam with 28 years of experience in Accountancy coaching. WhatsApp: 9567902805.

Plus Two Company Accounts CBSE problem on forfeiture of shares issued at premium and reissued at discount with working notes prepared for Bhavans Vidya Mandir 2025 cyclic test and board exam preparation. Covers share capital accounting, journal entries, securities premium treatment, forfeiture of shares, reissue of forfeited shares at discount, and capital reserve calculation in a structured CBSE board exam format. Designed for Class 12 Accountancy students to improve exam performance, concept clarity, and scoring accuracy in company accounts. Prepared by Goodwill Tuition Centre, Ernakulam with 28 years of experience in Accountancy coaching. WhatsApp: 9567902805.