CUET Accountancy - Profit on reissue of forfeited shares should be treated as: | PYQs + Solutions

CUET Accountancy 2025 4 June Shift 2

Company Accounts

Easy

common

Revenue profit

Capital profit

Income

Operating profit

✅ Correct Option: 2

Related questions:

24 May Shift 1

According to Sec 2 (62) of Companies Act, 2013,the maximum amount of paidup share capital of an OPC is:

3 June Shift 2

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

2 June Shift 2

A share of Rs.10. Issued at a premium of Rs.3. On which Rs.3 was payable on application and Rs.5 was payable on allotment including premium. A shareholder who had applied for 100 shares was Allotted Only 50 Shares and due to non payment of allotment his shares were forfeited. In this case the amount to be debited to securities premium A/c on forfeiture of these shares are

CUET Accountancy 2025 4 June Shift 2 PYQs

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