CUET Accountancy - If the premium amount has not been received, in respect of the shares forfeited, the Securities Premium Reserve Account | PYQs + Solutions

CUET Accountancy 2025 15 May Shift 2

Company Accounts

Medium

will not be mentioned at the time of forfeiture

will be debited at the time of forfeiture

will be credited at the time of forfeiture

will be considered at the time of reissue of shares

✅ Correct Option: 2

Related questions:

13 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Reserve Capital	(I) That portion of the subscribed capital which has not yet been called up.
(B) Uncalled Capital	(II) It is that part of the issued capital which has been actually subscribed by the public.
(C) Paid up Capital	(III) A company may reserve a portion of its uncalled capital to be called only in the event of winding up of the company.
(D) Subscribed Capital	(IV) It is that portion of the called up capital which has been actually received from the shareholders.

Choose the correct answer from the options given below:

13 May Shift 1

Which section of the Company's Act defines/describes Equity and Preference Shares?

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.

CUET Accountancy 2025 15 May Shift 2 PYQs