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:

20 July Shift 1

Match List - I with List - II

List - I	List - II
(a) The portion of authorised capital of a company which can be called during winding up	(i) Other current liabilities
(b) Excess of share forfeited amount over the loss on reissue	(ii) Reserve Capital
(c) Calls-in-advance is shown in Balance sheet under the head __	(iii) Capital Reserve
(d) Equity shares cannot be issued to public at __	(iv) Discount

Choose the correct answer from the options given below :

30 Aug Shift 2

The company issued 20,000 equity shares of Rs. 10 each to vendor. After issuing them the shares the vendor will be considered as:

24 May Shift 1

The amount of Securities Premium can be used only for the following purposes:

(A) To write off preliminary expenses.

(B) To make partly paid shares as fully paid up.

(D) Purchase of its own shares.

Choose the correct answer from the options given below:

CUET Accountancy PYQs