CUET Accountancy - It is available only for the creditors on winding up of the company. | PYQs + Solutions

CUET Accountancy 2025 15 May Shift 2

Company Accounts

Easy

Registered capital

Subscribed capital

Capital reserve

Reserve capital

✅ Correct Option: 4

Related questions:

4 June Shift 2

Ashoka Limited Company, which had issued equity shares of Rs.20 each at a premium of Rs. 4 per share, forfeited 1,000 shares for non-payment of final call of Rs.2 per share. 400 of the forfeited shares were reissued at Rs.14 per share out of the remaining shares of 200 shares reissued at Rs.20 per share. Balance of Share Forfeiture Account after reissue of shares will be:

29 May Shift 2

In a Journal Entry of Forfeiture of Shares, Share Capital Account will be :-

31 May Shift 1

State which of the following combination of statements are true about the Company-

(A) A company is an artificial person.

(B) Capital reserves are created from capital profits.

(D) A company's shares are generally transferable.

Choose the correct answer from the options given below:

CUET Accountancy 2025 15 May Shift 2 PYQs

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