Under which Sub head we show the Security Premium in Balance Sheet ? Option 1: Reserve and Surplus Option 2: Share Capital Option 3: Equity Share Capital Option 4: Shares and Liabilities

The answer is 'Reserve and Surplus'. View full solution:

CUET Accountancy - Under which Sub head we show the Security Premium in Balance Sheet ? | PYQs + Solutions

CUET Accountancy 2023 28 May Shift 1

Company Accounts

Easy

Reserve and Surplus

Share Capital

Equity Share Capital

Shares and Liabilities

✅ Correct Option: 1

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24 May Shift 1

According to 'Table F', interest on calls-in-arrears is charged at:

15 May Shift 1

While issuing the share capital for public subscription where there is no articles of association of its own, the following provisions of Table A will apply:

(A) A period of one month must elapse between two calls.

(B) The amount of call should not exceed 25% of the face value of the share.

(D) Calls must be made on a uniform basis on all shares within the same class.

Choose the correct answer from the options given below:

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In a Journal Entry of Forfeiture of Shares, Securities Premium Account may be debited, when :-

CUET Accountancy 2023 28 May Shift 1 PYQs

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