CUET Accountancy - The company issued 20,000 equity shares of Rs. 10 each to vendor. After issuing them the shares the vendor will be considered as: | PYQs + Solutions

CUET Accountancy 2022 30 Aug Shift 2

Company Accounts

Easy

Creditors

Owners

Customer

Lender

✅ Correct Option: 2

Related questions:

16 May Shift 1

What is the amount of discount per share which is allowed by the company at the time of reissue of forfeited shares?

30 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Under Subscription	(I) Issue of Shares at an amount more than the nominal or par value of shares.
(B) Issue of Shares at a Premium	(II) It is a situation where the number of shares applied for is less than the number for which applications have been invited for subscription.
(C) Over Subscription	(III) The amount so received from the shareholders when shareholders pay a part or the whole of the amount of the calls not yet made.
(D) Calls in Advance	(IV) when applications for more shares of a company are received than the number offered to the public for subscription.

Choose the correct answer from the options given below:

30 May Shift 1

What is the nominal share capital?

CUET Accountancy 2022 30 Aug Shift 2 PYQs