CUET Accountancy - What will be the journal entries when a call is due and the amount of the same is received? | PYQs + Solutions

CUET Accountancy 2025 3 June Shift 2

Company Accounts

Easy

common

Share Call A/c Dr.

To Share Call A/c

(Call money due on __Shares @ Rs. ___ per share)

Bank A/c Dr.

To Share Capital A/c

(Call money received)

Share Call A/c Dr.

To Share Capital A/c

(Call money due on __Shares @ Rs. ___ per share)

Bank A/c Dr.

To Share Call A/c

(Call money received)

Bank A/c Dr.

To Share Capital A/c

(Call money due on __Shares @ Rs. ___ per share)

Share Call A/c Dr.

To Share Call A/c

(Call money received)

Share Capital A/c Dr.

To Share Call A/c

(Call money received)

Bank A/c Dr.

To Share Call A/c

(Call money due on __Shares @ Rs. ___ per share)

✅ Correct Option: 2

Related questions:

3 June Shift 2

There must be an interval of how many months between the making of two calls unless otherwise provided by the articles of association of the company.

22 May Shift 2

There must be an interval of how many months between the making of two calls unless otherwise provided by the articles of association of the company.

3 June Shift 2

Match List-I with List-II

List-I	List-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:

CUET Accountancy 2025 3 June Shift 2 PYQs