CUET Accountancy - Oversubscription is a situation where the | PYQs + Solutions

CUET Accountancy

Company Accounts

Easy

number of shares applied for is equal to the number of shares issued

number of shares applied for is more than the number of shares issued

number of shares applied for is less than the number of shares issued

face value of the share is less than the issue price of the share

✅ Correct Option: 2

Related questions:

31 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Companies Limited by Shares	(I) A company which has only one person as a member.
(B) Companies Limited by Guarantee	(II) There is no limit on the liability of its members.
(C) Unlimited Companies	(III) The liability of its members is limited to the amount they undertake to contribute in the event of the company being wound up.
(D) One Person Company	(IV) The liability of its members is limited to the extent of the nominal value of shares held by them.

Choose the correct answer from the options given below:

27 May Shift 2

Identify the sequence of journal entries with regard to transfer of shares application money and allotment of shares:

(A) Share Allotment A/c Dr.

To Share Capital A/c

(B) Share Application A/c Dr.

To Share Capital A/c

To Share Allotment A/c

(D) Share Application A/c Dr.

To Bank A/c

Choose the correct answer from the options given below:

16 May Shift 1

While issuing the share capital for public subscription, the application money should be at least _____ % of the face value of the share.

CUET Accountancy PYQs