AfterBoards Logo
Skip to main contentSkip to solution

CUET Accountancy 2023 PYQs29 May Shift 2. Free, no login required.

Company Accounts

past year questions, CUET Accountancy 2023 29 May Shift 2

Share Capital

past year questions, Company Accounts, CUET Accountancy 2023 29 May Shift 2

Medium

When a company issues shares in open market and the amount is payable in instalments. What is the sequence of amount demanded by the company?

A. Money received on calls

B. Money due on calls

C. Allotment money received

D. Application money transferred to Share Capital A/c

E. Allotment money due.

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 2

The sequence begins when application money is transferred to Share Capital A/c on allotment (D), then allotment becomes due (E), allotment money is received (C), then calls become due (B), and finally call money is received (A). Order: D, E, C, B, A.

Related questions:

2023: 11 June Shift 3

Arrange the following steps in correct sequence with regard to Shares of a company.

(A) Making Calls

(B) Forfeiture of Shares

(C) Issue of Prospectus

(D) Calls in Arrears

(E) Reissue of Shares

Choose the correct answer from the options given below :

2026: 12 May Shift 1

The company has to get minimum subscription within how many days from the date of the issue of the prospectus?

2025: 24 May Shift 1

Match List-I with List-II

List-IList-II
(Book/Theory proposed/Characteristic, etc.)(Author/Thinker/Name of Theory, etc.)
(A) Authorised Capital(I) Only available to creditors at the time of winding up of a company
(B) Issued Capital(II) The amount of capital that a company can raise in its life-time
(C) Subscribed Capital(III) Capital that is issued to the public for subscription
(D) Reserve Capital(IV) May be equal to or less than issued capital

Choose the correct answer from the options given below:

2022: 20 Aug Shift 2

The directors of a company forfeited 400 equity shares of Rs. 10 each fully called up on which Rs. 1,600 had been paid. All the forfeited shares were reissued upon payment of Rs. 3,000. Calculate the amount transferred to Capital Reserve

2026: 6 June Shift 1

Arrange the following in the sequence when shares are issued for consideration other than cash in the books of purchaser:

(A) Shares capital is credited for shares issued to vendor

(B) Assets aquired are debited

(C) Vendor's Account credited with purchase price

(D) Vendor's Account debited with issue of shares

Choose the correct answer from the options given below:

2025: 14 May Shift 1

Rahul Limited purchased building from Handa Limited for Rs.5,40,000 and the payment is to be made by the issue of shares of Rs.100 each. The number of shares to be issued at premium of 20% is:

Keyboard Shortcuts

  • Left arrow: Previous question
  • Right arrow: Next question
  • S key: Jump to solution
  • Q key: Jump to question

CUET Accountancy Past Year Questions (Topic-Wise)