CUET Accountancy - When journal entry for forfeiture of shares is recorded in the Company's books, the Share Capital Account - | PYQs + Solutions

CUET Accountancy 2025 31 May Shift 1

Company Accounts

Medium

common

Will be debited by the issue price of the shares forfeited.

Will be debited by the face value of the shares forfeited.

Will be debited by the called up value of the shares forfeited.

Will be credited by the issue price of the shares forfeited.

✅ Correct Option: 3

Related questions:

15 May Shift 1

While issuing the share capital for public subscription where there is no articles of association of its own, the following provisions of Table A will apply:

(A) A period of one month must elapse between two calls.

(B) The amount of call should not exceed 25% of the face value of the share.

(D) Calls must be made on a uniform basis on all shares within the same class.

Choose the correct answer from the options given below:

13 May Shift 1

Which of the following statements are correct?

(A) A company is an artificial person.

(B) Company's shares are generally transferable.

(D) The part of capital which is called up only on winding up is called reserve capital.

Choose the correct answer from the options given below:

27 May Shift 1

Balance of share forfeiture account is shown in the balance sheet under the item:

CUET Accountancy 2025 31 May Shift 1 PYQs

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