CUET Accountancy - Sunena, a shareholder holding 500 shares of Rs. 10 each, did not pay the allotment money of Rs. 4 per share (including a premium of Rs. 2) and the first and final call of Rs. 3. Her shares were forfeited after the first and final call. Choose the correct journal entry for forfeiture of the shares. | PYQs + Solutions

CUET Accountancy 2025 31 May Shift 1

Company Accounts

Medium

common

Share Capital A/c Dr. 5, 000

Securities Premium A/c Dr. 1,000

To Share Allotment A/c 2,000

To Share first and final Call A/c 2,500

To Share Forfeiture A/c 1,500

Share Capital Reserve A/c Dr. 5,000

Securities Premium A/c Dr. 1,000

To Share Allotment A/c 4,000

To Share Forfeiture A/c 2,000

Share Capital A/c Dr. 5, 000

Securities Premium A/c Dr. 1,000

To Share Allotment A/c 2,000

To Share Forfeiture A/c 4,000

Share Capital A/c Dr. 5, 000

Securities Premium A/c Dr. 1,000

To Share Allotment A/c 2,000

To Share first and final Call A/c 1,500

To Share Forfeiture A/c 2,500

✅ Correct Option: 4

Related questions:

14 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Authorised Capital	(i) It is that part of the subscribed capital which has been called up on the shares.
(B) Issued Capital	(ii) It is that part of the issued capital which has been actually subscribed by the public.
(C) Subscribed Capital	(III) It is that part of the authorised capital which is actually issued to the public for subscription.
(D) Called up Capital	(IV) The amount of share capital which a company is authorised to issue by its Memorandum of Association

Choose the correct answer from the options given below:

22 May Shift 2

It is to be noted that 'minimum subscription' of capital cannot be less than ……… of the issued amount according to SEBI Guidelines (Disclosure and Investor Protection)

24 May Shift 1

According to 'Table F', interest on calls-in-arrears is charged at:

CUET Accountancy 2025 31 May Shift 1 PYQs

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