CUET Accountancy - The number of shares to be issued to a vendor for consideration other than cash is calculated as follows: | PYQs + Solutions

CUET Accountancy 2025 29 May Shift 2

Company Accounts

Easy

common

Amount Payable / Application money

Amount Receivable / Allotment price

Amount Payable / Issue Price

Amount Receivable / Issue Price

✅ Correct Option: 3

Related questions:

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:

26 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Calls in Arrears	(I) Sometimes shareholders pay a part or the whole of the amount of the calls not yet made.
(B) Calls in Advance	(II) When any shareholder fails to pay the amount due on allotment or on any of the calls
(C) Over Subscription	(III) When number of shares applied for is less than the number for which applications have been invited for subscription
(D) Under Subscription	(IV) When applications for more shares of a company are received than the number offered to the public for subscription

Choose the correct answer from the options given below:

15 May Shift 2

High Land India Ltd. invited applications for 50,000 Shares of Rs. 100 each per share. Applications were received for 70,000 shares and pro-rata allotment was made on the application for 50,000 shares. Rohan to whom 600 shares were allotted failed to pay the allotment money and his shares were forfeited immediately after allotment. Of the shares forfeited, 500 share were reissued as fully paid-up for Rs. 80 per share.

Order to be followed for recording entries will be

(A) Forfeiture of shares

(B) Calculation of amount received on allotment

(D) Reissue of shares

Choose the correct answer from the options given below:

CUET Accountancy 2025 29 May Shift 2 PYQs

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