CUET Accountancy - Jindal and Company purchased a machine from High Life Machine Limited for Rs.3,80,000. As per purchase agreement, Rs. 20,000 were paid in cash and balance by issue of shares of Rs.100 each. Find the number of shares issued, if they are issued at par: | PYQs + Solutions

CUET Accountancy 2025 31 May Shift 1

Company Accounts

Easy

common

3000 Shares

3500 Shares

3600 Shares

3200 Shares

✅ Correct Option: 3

Related questions:

30 May Shift 1

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

29 May Shift 2

Match List-I with List-II

List-I	List-II
(TYPES OF COMPANY..)	(CHARACTERISTICS..)
(A) unlimited company.	(I) liability arises only in the event of winding up
(B) one person company	(II) limits the number of members to 200.
(C) private company	(III) paid up capital is not more than 50 lakhs.
(D) company limited by guarantee.	(IV) creditors can claim their dues from the members.

Choose the correct answer from the options given below:

14 May Shift 2

The Profit on reissue of forfeited shares is transferred to :

CUET Accountancy 2025 31 May Shift 1 PYQs