CUET Accountancy - Identify the true statement in respect of Reserve Capital :- | PYQs + Solutions

CUET Accountancy 2025 3 June Shift 1

Company Accounts

Easy

common

It is a portion of uncalled share capital and can be called only in the event of winding up of a company.

It is a portion of uncalled share capital and can be called at any time during the lifetime of a company.

It is a portion of un-paid share capital and can be called only in the event of winding up of a company.

It is a portion of un-subscribed share capital and can be called at any time during the lifetime of a company.

✅ Correct Option: 1

Related questions:

3 June Shift 1

Match List-I with List-II

List–I	List–II
(A) Authorized capital	(I) Mentioned in Prospectus.
(B) Issued capital.	(II) Mentioned in Memorandum of Association.
(C) Subscribed capital.	(III) called up capital–calls in arrears.
(D) Paid up capital.	(IV) Capital for which application is received.

Choose the correct answer from the options given below:

3 June Shift 1

Identify which of the following will be shown in Notes to Accounts under SHARE CAPITAL head :-

27 May Shift 2

Arrange the following events (in relation to the issue of shares) in a logical order.

(A) Transfer to capital reserve.

(B) Forfeiture of share.

(D) Re issue of share.

Choose the correct answer from the options given below:

CUET Accountancy 2025 3 June Shift 1 PYQs