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CUET Accountancy 2025 PYQs22 May Shift 1. Free, no login required.

Company Accounts

past year questions, CUET Accountancy 2025 22 May Shift 1

Share Capital

past year questions, Company Accounts, CUET Accountancy 2025 22 May Shift 1

Medium

common

In which order, the share capital of the Company is shown on the balance sheet:

(A) Authorized Capital

(B) Subscribed and fully paid up Capital

(C) Issued Capital

(D) Subscribed but not fully paid up

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 2

As per Schedule III of the Companies Act, 2013, share capital is presented in the balance sheet in the following hierarchical order:

Authorized Capital → This represents the maximum amount of capital that a company is authorized to raise as per its Memorandum of Association. It is shown first as it forms the ceiling limit.

Issued Capital → This is the portion of authorized capital that has been offered to investors for subscription. It cannot exceed the authorized capital.

Subscribed Capital → This is the portion of issued capital that has actually been subscribed (applied for and allotted) by shareholders. Within subscribed capital, the presentation order is:

  • Subscribed and fully paid up capital → Shares for which the entire amount has been received
  • Subscribed but not fully paid up capital → Shares for which some amount is yet to be received (calls in arrears)

The logical flow is: A company first gets authorization → then issues shares → shareholders subscribe → and payment status determines if it's fully paid or not fully paid.

Therefore, the correct order is: (A), (C), (B), (D)

The correct answer is Option 2.

Related questions:

2023: 28 May Shift 1

Match List - I with List - II.

List - IList - II
(A) Application money should be at least ____% of the face value of the share(I) 25%
(B) The amount of Call should not exceed ____% of the face value of the share(II) 90%
(C) Minimum subscription of capital cannot be less than ____ of the issued amount according to SEBI guidelines(III) 10%
(D) Interest charged on call-in-arrears is @ ______ p.a.(IV) 5%

Choose the correct answer from the options given below :

2026: 29 May Shift 2

Which of the following are correct with respect to Rule 3 of the Companies (Incorporation) Rules, 2014 for One Person Company?

A. Only a natural person being an Indian citizen and resident in India can form one person company.

B. It cannot carry out non-banking financial investment activities.

C. Its paid up share capital is not more than Rs. 50 Lakhs.

D. Its average annual turnover of three years does not exceed Rs. 5 Crores.

Choose the correct answer from the options given below:

2026: 19 May Shift 1

Which of the following is not a feature of a private company ?

2025: 30 May Shift 2

Which statements among the following are CORRECT?

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

(B) Share application account is a personal account.

(C) The director of a company may be a shareholder.

(D) Paid up capital can exceed called up capital.

Choose the correct answer from the options given below:

2026: 21 May Shift 1

Over Subscription means when applications received for shares of a company are more than the number of shares offered to the public for subscription. Identify correct statements regarding over subscription.

(A) This happens in respect of the share issue of well-managed and financially strong companies.

(B) The problem of over subscription is resolved with the forfeiture of shares.

(C) In such condition, three alternatives are available to the directors to deal with the situation.

(D) The problem of over subscription is usually resolved with the allotment of shares.

Choose the correct answer from the options given below:

2026: 11 May Shift 1

As 'Calls in Advance' is a liability of the company, it is under obligation, if provided by the Articles, to pay interest on that amount from the date of its receipt up to the date when the appropriate call is due for payment. According to "Table F", interest on calls in advance cannot exceed __________.

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