CUET Accountancy - On Reissue of 500 forfeited shares as fully paid at Rs. 8 per share, what amount will be debited to Shares Forfeiture Account? | PYQs + Solutions

CUET Accountancy 2025 15 May Shift 1

Company Accounts

Medium

Rs. 1,000

Rs. 2,000

Rs. 3,000

Rs. 4,000

✅ Correct Option: 1

Related questions:

15 May Shift 1

Minimum subscription is the minimum amount that, in the opinion of directors, must be raised to meet the needs of business operations of the company relating to:

(A) The price of any property purchased, or to be purchased, which has to be met wholly or partly out of the proceeds of issue;

(B) Preliminary expenses payable by the company and any commission payable in connection with the issue of shares;

(D) Any other expenditure required for the usual conduct of business operations

Choose the correct answer from the options given below:

30 May Shift 1

Arrange the following in correct sequence :

(A) Paid up Capital

(B) Subscribed Capital

(D) Authorised Capital

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30 May Shift 1

Match List-I with List-II

List-I	List-II
(A)The maximum amount of share capital which a company is authorized to issue is known as :	(I) Capital reserve
(B) Shares can be forfeited for:	(II) Share capital
(C) The profit on the reissue of forfeited shares is transferred to :	(III) Nominal share capital
(D) Balance of share forfeiture account is shown in the balance sheet under the item :	(IV) Non-payment of call money

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CUET Accountancy 2025 15 May Shift 1 PYQs

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