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CUET Accountancy 2022 PYQs20 Aug Shift 2. Free, no login required.

Company Accounts

past year questions, CUET Accountancy 2022 20 Aug Shift 2

Share Capital

past year questions, Company Accounts, CUET Accountancy 2022 20 Aug Shift 2

Medium

The Directors of Tivoli Plastics Ltd. resolved that 200 equity shares of Rs. 100 each be Forfeited for non-payment of the second and final call of Rs. 30 per share. Out of these, 150 shares were reissued at Rs. 60 per share as fully paid-up. How much amount will be transferred to Capital Reserve Account?

Solution

✅ Correct Option: 2

Amount forfeited per share = 100 - 30 = Rs. 70. On 150 reissued shares, forfeited amount = 150 x 70 = 10,500. Discount on reissue = 150 x (100 - 60) = 6,000. Capital Reserve = 10,500 - 6,000 = Rs. 4,500.

Related questions:

2025: 2 June Shift 2

R Ltd purchased a building from X Infra for Rs 6,00,000 and the payment is to be made by the issue of shares for Rs 100 each at a premium of 20%. Calculate the number of shares to be issued.

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In the case of companies limited by shares, the liability of its members is:

2025: 13 May Shift 2

Arrange in correct sequence-

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2023: 29 May Shift 2

Identify the account to which the discount allowed on reissue of forfeited shares should be debited.

2026: 11 May Shift 1

Match the LIST-I with LIST-II

LIST-I (Classification of Share Capital)LIST-II (Categories of Share Capital)
A.The authorised capital which is not offered for public subscription and it may be offered for public subscription at a later date.I.Issued Capital
B.A company may reserve a portion of its uncalled capital to be called only in the event of winding up of the company.II.Paid up Capital
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Choose the correct answer from the options given below:

2026: 19 May Shift 1

Choose the correct order of the following in the Notes to Accounts of the Balance Sheet of the company:

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