CUET Accountancy - Under which sub-head in the balance sheet does the balance of share forfeiture account appear? | PYQs + Solutions

CUET Accountancy 2025 27 May Shift 2

Company Accounts

Easy

common

Share capital

Reserves and surpluses

Unsecured loans

Current liabilities and provisions

✅ Correct Option: 1

Related questions:

3 June Shift 1

Match List-I with List-II

List–I	List–II
(A) Authorized capital	(I) Mentioned in Prospectus.
(B) Issued capital.	(II) Mentioned in Memorandum of Association.
(C) Subscribed capital.	(III) called up capital–calls in arrears.
(D) Paid up capital.	(IV) Capital for which application is received.

Choose the correct answer from the options given below:

29 May Shift 2

In case of over subscription, the directors may

(A). Accept some applications in full and reject excessive applications.

(B). They can make pro-rata allotment to all.

(C). They can adopt a combination of the above two alternatives.

(D). They can make preferential allotment to some applicants.

15 May Shift 1

What is the amount of excess application money credited to share allotment and money refunded on rejected application in totality?

CUET Accountancy 2025 27 May Shift 2 PYQs