Amount of Security Premium Reserve credited at the time of allotment of Shares will be Option 1: Rs.10,000 Option 2: Rs.20,000 Option 3: Rs.18,000 Option 4: Rs.19,200

The answer is 'Rs.20,000'. View full solution:

CUET Accountancy - Amount of Security Premium Reserve credited at the time of allotment of Shares will be | PYQs + Solutions

CUET Accountancy 2022 16 July Shift 2

Company Accounts

Medium

Rs.10,000

Rs.20,000

Rs.18,000

Rs.19,200

✅ Correct Option: 2

Related questions:

26 May Shift 2

Balance of share forfeiture account is shown in the balance sheet under the sub-head-

27 May Shift 2

Which of the following statements are correct in relation to the issue of share capital for public subscription?

(A) The application money should be at least 5% of the face value of the share.

(B) Calls are to be made as per the provisions of the articles of association.

(D) Calls need not be made on a uniform basis on all shares within the same class.

Choose the correct answer from the options given below:

30 May Shift 1

Match List-I with List-II

List-I	List-II
(A)The maximum amount of share capital which a company is authorized to issue is known as :	(I) Capital reserve
(B) Shares can be forfeited for:	(II) Share capital
(C) The profit on the reissue of forfeited shares is transferred to :	(III) Nominal share capital
(D) Balance of share forfeiture account is shown in the balance sheet under the item :	(IV) Non-payment of call money

Choose the correct answer from the options given below: