CUET Accountancy - When journal entry for forfeiture of shares is recorded in the Company's Accounts Books, the Share Capital Account - | PYQs + Solutions

CUET Accountancy 2025 4 June Shift 2

Company Accounts

Medium

common

Will be debited by the issue price of the shares forfeited.

Will be debited by the face value of the shares forfeited.

Will be debited by the called up value of the shares forfeited.

Will be credited by the issue price of the shares forfeited.

✅ Correct Option: 3

Related questions:

27 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Interest on calls in arrears	(I) Preference Shares
(B) Interest on calls in advance	(II) OPC
(C) Sec.2(62) of The Companies Act, 2013 defines	(III) 12%
(D) Sec.43 of The Companies Act, 2013 defines	(IV) 10%

Choose the correct answer from the options given below:

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

15 May Shift 2

Zomato Ltd. decided to offer 10% of its issued capital to its employees at a price lower than its market value. The scheme adopted by Zomato Ltd. is

31 May Shift 1

Jindal and Company purchased a machine from High Life Machine Limited for Rs.3,80,000. As per purchase agreement, Rs. 20,000 were paid in cash and balance by issue of shares of Rs.100 each. Find the number of shares issued, if they are issued at par:

CUET Accountancy 2025 4 June Shift 2 PYQs

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