At the time of forfeiture security premium reserve a/c will be debited for _______ shares. Option 1: 120 shares Option 2: 200 shares Option 3: 150 shares Option 4: 100 shares

The answer is '100 shares'. View full solution:

CUET Accountancy - At the time of forfeiture security premium reserve a/c will be debited for _______ shares. | PYQs + Solutions

CUET Accountancy 2022 15 July Shift 2

Company Accounts

Hard

120 shares

200 shares

150 shares

100 shares

✅ Correct Option: 4

Related questions:

30 May Shift 1

__________ is that portion of the subscribed capital which has not been demanded by the company. The company may collect this amount any time when it needs further funds :-

30 May Shift 2

A company maintains 'Calls in Arrears' Account. What entry it will be passed on receiving first call money provided whole amount due in it is not received:-

30 May Shift 2

Arrange the important steps in the correct sequence in the procedure of share issue:

(A) Receipt of Applications

(B) Allotment of Shares

(D) Issue of Prospectus

Choose the correct answer from the options given below:

CUET Accountancy 2022 15 July Shift 2 PYQs

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