CUET Accountancy - As a general rule, a company cannot ordinarily issue shares at ..................? | PYQs + Solutions

CUET Accountancy 2025 31 May Shift 1

Company Accounts

Easy

common

Par

Premium

Discount

Amount higher then its face value.

✅ Correct Option: 3

Related questions:

13 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Reserve Capital	(I) That portion of the subscribed capital which has not yet been called up.
(B) Uncalled Capital	(II) It is that part of the issued capital which has been actually subscribed by the public.
(C) Paid up Capital	(III) A company may reserve a portion of its uncalled capital to be called only in the event of winding up of the company.
(D) Subscribed Capital	(IV) It is that portion of the called up capital which has been actually received from the shareholders.

Choose the correct answer from the options given below:

3 June Shift 2

When the directors opt to make a proportionate allotment to all applicants, the excess application money received is normally adjusted towards the amount due on allotment. In case, the excess application money received is more than the amount due on allotment of shares, such excess amount may either be:

29 May Shift 2

In a Journal Entry of Forfeiture of Shares, Share Capital Account will be :-

CUET Accountancy 2025 31 May Shift 1 PYQs

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