The following refer to the maximum amount of share capitals issued by a company in its life times except: Option 1: Subscribed Capital Option 2: Authorised Capital Option 3: Nominal Capital Option 4: Registered Capital

The answer is 'Subscribed Capital'. View full solution:

CUET Accountancy - The following refer to the maximum amount of share capitals issued by a company in its life times except: | PYQs + Solutions

CUET Accountancy 2022 30 Aug Shift 2

Company Accounts

Easy

Subscribed Capital

Authorised Capital

Nominal Capital

Registered Capital

✅ Correct Option: 1

Related questions:

14 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Issued Capital	(I) It is that part of the issued capital which has been actually subscribed by the public.
(B) Uncalled Capital	(II) Capital which can be called only in the event of winding up of the company.
(C) Reserve Capital	(III) That portion of the subscribed capital which has not yet been called up.
(D) Subscribed Capital	(IV) It is that part of the authorised capital which is actually issued to the public for subscription

Choose the correct answer from the options given below:

15 May Shift 2

High Land India Ltd. invited applications for 50,000 Shares of Rs. 100 each per share. Applications were received for 70,000 shares and pro-rata allotment was made on the application for 50,000 shares. Rohan to whom 600 shares were allotted failed to pay the allotment money and his shares were forfeited immediately after allotment. Of the shares forfeited, 500 share were reissued as fully paid-up for Rs. 80 per share.

Order to be followed for recording entries will be

(A) Forfeiture of shares

(B) Calculation of amount received on allotment

(D) Reissue of shares

Choose the correct answer from the options given below:

27 May Shift 1

The director of Poly Plastic Limited 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 re-issued at Rs.60 per share to Mohit. Profit on reissue of forfeited shares transferred to capital reserve. Amount credited to capital reserve account is-

CUET Accountancy 2022 30 Aug Shift 2 PYQs

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