CUET Accountancy - What type of subscription took place? | PYQs + Solutions

CUET Accountancy 2025 16 May Shift 1

Company Accounts

Easy

Full subscription

Under subscription

Over subscription

Partial Subscription

✅ Correct Option: 3

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The maximum number of members in a private company can be .......

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Match List-I with List-II

List-I	List-II
(A) Calls in Arrears	(I) This is the case when applications for more shares of a company are received than the number offered to the public for subscription.
(B) Calls in Advance	(II) This is a situation where the number of shares applied for is less than the number for which applications have been invited for subscription.
(C) Over Subscription	(III) The amount due that shareholders fail to pay on allotment or on any of the calls.
(D) Under Subscription	(IV) The amount sometimes received from the shareholders as a part or the whole of the amount of the calls not yet made.

Choose the correct answer from the options given below:

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Profit on reissue of shares is transferred to

CUET Accountancy 2025 16 May Shift 1 PYQs