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CUET Accountancy 2025 PYQs3 June Shift 2. Free, no login required.

Company Accounts

past year questions, CUET Accountancy 2025 3 June Shift 2

Share Capital

past year questions, Company Accounts, CUET Accountancy 2025 3 June Shift 2

Easy

common

Match List-I with List-II

List-IList-II
(A) Calls in Arrears(I) This is the case when applications for more shares of a company are received than the number offered to the public for subscription.
(B) Calls in Advance(II) This is a situation where the number of shares applied for is less than the number for which applications have been invited for subscription.
(C) Over Subscription(III) The amount due that shareholders fail to pay on allotment or on any of the calls.
(D) Under Subscription(IV) The amount sometimes received from the shareholders as a part or the whole of the amount of the calls not yet made.

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 4

Calls in Arrears occurs when shareholders fail to pay the amount due on allotment or calls. This is the unpaid amount that remains outstanding -> Matches with (III)

Calls in Advance represents the amount received from shareholders before it is actually due. Shareholders sometimes pay for future calls in advance -> Matches with (IV)

Over Subscription happens when applications received exceed the shares offered. For example, if a company issues 1,00,000 shares but receives applications for 1,50,000 shares, it is oversubscribed by 50,000 shares -> Matches with (I)

Under Subscription arises when applications received are less than shares offered. For example, if a company issues 1,00,000 shares but receives applications for only 80,000 shares, it is undersubscribed by 20,000 shares -> Matches with (II)

The correct matching:

  • (A) - (III)
  • (B) - (IV)
  • (C) - (I)
  • (D) - (II)

Correct Answer: Option 4

Related questions:

2025: 15 May Shift 1

Securities Premium Account can be used only for the following purposes:

(A) To issue partly paid bonus shares to the extent not exceeding unissued share capital of the company;

(B). Buy back of own shares.

(C). To write-off the expenses of, or commission paid, or discount allowed on any securities of the company;

(D). To pay premium on the redemption of preference shares or debentures of the company.

Choose the correct answer from the options given below:

2022: 23 Aug Shift 2

If a share of Rs. 10 on which Rs. 7 has been paid is forfeited, at what minimum price can it be reissued ?

2026: 13 May Shift 1

Aryan Ltd took over assets worth Rs. 30,00,000 and liabilities of Rs. 9,00,000 for a purchase consideration of Rs. 36,00,000, which was paid as follows: For Rs. 6,00,000 bills were accepted and remaining was paid by issuing shares of Rs 100 each at a premium of 25 %. Find the amount which will be credited to securities premium account?

2023: 29 May Shift 2

Select the amount received on Share Allotment Account -

2026: 23 May Shift 2

The journal entry for the amount due on allotment is:

2025: 15 May Shift 1

The important steps in the procedure of share issue are :

(A) The company issues the prospectus to the public.

(B) The company has to get minimum subscription within 120 days from the date of the issue of the prospectus.

(C) The prospective investors intending to subscribe the share capital of the company would make an application along with the application money.

(D) Letters of allotment are sent to those whom the shares have been alloted, and letters of regret to those to whom no allotment has been made.

Choose the correct sequence of steps from the options given below:

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