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CUET Accountancy 2026 PYQs11 May Shift 1. Free, no login required.

Company Accounts

past year questions, CUET Accountancy 2026 11 May Shift 1

Share Capital

past year questions, Company Accounts, CUET Accountancy 2026 11 May Shift 1

Hard

common

Kishna Ltd. issued 15,000 shares of Rs.100 each at a premium of Rs.10 per share, payable as follows:

On application Rs.30

On allotment Rs.50 [including premium]

On first and final call Rs.30

The company received 20,000 applications and a pro rata allotment was made to all. Any excess amount received on application is adjusted towards allotment and all the money due on allotment is received except Mr. Shyam who failed to pay allotment money on his 150 allotted shares. Calculate the amount received on allotment.

Solution

✅ Correct Option: 4

Allotment due =15,000×50=7,50,000= 15,000 \times 50 = 7,50,000.

Excess application money =(20,000−15,000)×30=1,50,000= (20,000 - 15,000) \times 30 = 1,50,000, adjusted here, leaving 6,00,0006,00,000 collectible.

Shyam applied for 200200 shares, so his excess is 50×30=1,50050 \times 30 = 1,500; his unpaid allotment =(150×50)−1,500=6,000= (150 \times 50) - 1,500 = 6,000.

Received =6,00,000−6,000=5,94,000= 6,00,000 - 6,000 = 5,94,000.

Related questions:

2025: 26 May Shift 2

Match List-I with List-II

List-IList-II
(A) Calls in Arrears(I) Sometimes shareholders pay a part or the whole of the amount of the calls not yet made.
(B) Calls in Advance(II) When any shareholder fails to pay the amount due on allotment or on any of the calls
(C) Over Subscription(III) When number of shares applied for is less than the number for which applications have been invited for subscription
(D) Under Subscription(IV) When applications for more shares of a company are received than the number offered to the public for subscription

Choose the correct answer from the options given below:

2026: 6 June Shift 1

Arrange the following in the sequence when shares are issued for consideration other than cash in the books of purchaser:

(A) Shares capital is credited for shares issued to vendor

(B) Assets aquired are debited

(C) Vendor's Account credited with purchase price

(D) Vendor's Account debited with issue of shares

Choose the correct answer from the options given below:

2025: 2 June Shift 2

Arrange the following events in proper order.

(A) Transfer to capital reserve.

(B) Forfeiture of share.

(C) Calls in arrears.

(D) Re issue of share.

Choose the correct answer from the options given below:

2023: 29 May Shift 2

Select the amount that is received from Hari's reissued shares -

2023: 11 June Shift 3

Calculate the amount of Dividend paid during the year 2022 from the following information :

Balance of Proposed Dividend as on 31st March, 2021 was Rs. 40,000 and on 31st March, 2022 Rs. 60,000. Interim Dividend was paid @20% on share capital. Share capital was Rs. 4,00,000.

2025: 16 May Shift 1

What is the other name of registered capital?

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