Amount of Securities Premium Reserve to be debited at the time of forfeiture of shares will be Option 1: Rs.240 Option 2: Rs.200 Option 3: Rs.100 Option 4: Rs.300

The answer is 'Rs.200'. View full solution:

CUET Accountancy - Amount of Securities Premium Reserve to be debited at the time of forfeiture of shares will be | PYQs + Solutions

CUET Accountancy 2022 16 July Shift 2

Company Accounts

Hard

Rs.240

Rs.200

Rs.100

Rs.300

✅ Correct Option: 2

Related questions:

28 May Shift 1

Under which Sub head we show the Security Premium in Balance Sheet ?

15 May Shift 1

Minimum subscription is the minimum amount that, in the opinion of directors, must be raised to meet the needs of business operations of the company relating to:

(A) The price of any property purchased, or to be purchased, which has to be met wholly or partly out of the proceeds of issue;

(B) Preliminary expenses payable by the company and any commission payable in connection with the issue of shares;

(D) Any other expenditure required for the usual conduct of business operations

Choose the correct answer from the options given below:

24 May Shift 1

Match List-I with List-II

List-I	List-II
Allotment of Shares	Journal Entry
(A) For Transfer of Application Money	(I) Share Application A/c Dr. To Bank A/c
(B) For Money Refunded on Rejected Application	(II) Bank A/c Dr. To Share Allotment A/c
(C) For Amount Due on Allotment	(III) Share Application A/c Dr. To Share Capital A/c
(D) For Receipt of Allotment Money	(IV) Share Allotment A/c Dr. To Share Capital A/c

Choose the correct answer from the options given below:

CUET Accountancy 2022 16 July Shift 2 PYQs

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