CUET Accountancy - Jain and Co. purchased a machine from Young Life Machine Limited for Rs. 3,80,000. As per the purchase agreement, Rs. 20,000 were paid in cash and balance by issue of shares of Rs. 100 each. How many shares are issued if the shares are issued at 20% premium. | PYQs + Solutions

CUET Accountancy 2025 14 May Shift 2

Company Accounts

Easy

3,600 shares

3,200 shares

3,000 shares

3,800 shares

✅ Correct Option: 3

Related questions:

13 May Shift 1

Which of the following is not the characteristics of company-

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:

14 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Issued Capital	(I) It is that part of the issued capital which has been actually subscribed by the public.
(B) Uncalled Capital	(II) Capital which can be called only in the event of winding up of the company.
(C) Reserve Capital	(III) That portion of the subscribed capital which has not yet been called up.
(D) Subscribed Capital	(IV) It is that part of the authorised capital which is actually issued to the public for subscription

Choose the correct answer from the options given below:

CUET Accountancy 2025 14 May Shift 2 PYQs