CUET Accountancy - Amount of discount allowed on the reissue of forfeited shares cannot exceed the amount that has:- | PYQs + Solutions

CUET Accountancy 2025 3 June Shift 1

Company Accounts

Medium

common

not been called-up on forfeited shares at the time of initial issue.

been called-up on forfeited shares at the time of initial issue.

not been received on forfeited shares at the time of initial issue.

been received on forfeited shares at the time of initial issue.

✅ Correct Option: 4

Related questions:

4 June Shift 2

The director of Poly Plastic Limited resolved that 200 equity shares of Rs.100 each be forfeited for non-payment of the second and final call of Rs.30 per share. Out of these, 150 shares were re-issued at Rs.60 per share to Mohit. Journal entry for creating capital reserve will be:

15 May Shift 2

Where there is no articles of association of its own, which of the following provisions applies as per Table A.

15 May Shift 2

The amount on any call should not exceed ___ of the face value of shares.

CUET Accountancy 2025 3 June Shift 1 PYQs

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