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Welcome back to our Class XII Board Series! In today’s session, we solve Question 17, a comprehensive problem on the Issue of Share Capital. This video is a "Full-Length" conceptual guide covering everything from the initial Journal entries to the preparation of the Cash Book and Ledger accounts. What You Will Learn: • Journal Entries: Step-by-step recording of Application, Allotment, and Calls. • Cash Book Preparation: How to correctly record bank transactions and why they aren't included in the Journal. • Ledger Posting: Mastering the Share Capital A/c & Share Application A/c. • Handling Rejections: Accounting for refunding excess application money to unsuccessful applicants. • Full Subscription vs. Rejection: Understanding the flow of funds. 📑 Quick Navigation (Timestamps) 00:00 - Question 17: Problem Reading & Strategy 03:30 - Journalizing the Transactions (Step-by-Step) 12:45 - The Cash Book (Bank Column Only) - Essential Tips! 18:20 - Posting to the Share Capital Account 23:15 - Handling Rejection & Refunds 29:40 - Final Balance Sheet Extract (Quick View) 32:00 - Summary & Common Mistakes to Avoid 📊 The Accounting Flow To ensure accuracy in board exams, remember the sequence: 1. Journalize all non-cash transactions (Transfers, Dues). 2. Record all cash/bank receipts and payments in the Cash Book. 3. Post to the General Ledger to find closing balances. 🚀 Resources for Vishwakul Students • Download Question 17 PDF: https://docs.google.com/document/d/13... • Full Share Capital Playlist: • Class XII Issue of Share Capital Support the Channel: 🔥 Like this video if it helped you understand the Cash Book logic. 🔔 Subscribe and hit the bell icon so you don't miss Question 18! 💬 Comment below: Which topic in Share Capital do you find the hardest? #class12accounts #vishwakul #sharecapital #cashbook #accounting #boardprepration #commerce