AfterBoards Logo
Skip to main contentSkip to solution

CUET Accountancy 2026 PYQs23 May Shift 2. Free, no login required.

Company Accounts

past year questions, CUET Accountancy 2026 23 May Shift 2

Share Capital

past year questions, Company Accounts, CUET Accountancy 2026 23 May Shift 2

Easy

common

The Profit on reissue of forfeited shares is transferred to :

Solution

✅ Correct Option: 3

The balance left in Share Forfeiture A/c after reissue is a capital gain, not a trading profit, so it cannot be distributed as dividend. It is transferred to Capital Reserve.

Related questions:

2025: 4 June Shift 2

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

2022: 23 Aug Shift 2

Total applications received are for :

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: 11 May Shift 1

Match the LIST-I with LIST-II

LIST-I (Classification of Share Capital)LIST-II (Categories of Share Capital)
A.The authorised capital which is not offered for public subscription and it may be offered for public subscription at a later date.I.Issued Capital
B.A company may reserve a portion of its uncalled capital to be called only in the event of winding up of the company.II.Paid up Capital
C.It is that part of the authorised capital which is actually issued to the public for subscription including the shares allotted to vendors and the signatories to the company's memorandum.III.Reserve Capital
D.It is that portion of the called up capital which has been actually received from the shareholders.IV.Unissued capital

Choose the correct answer from the options given below:

2025: 27 May Shift 1

Match List-I with List-II

List-IList-II
(A) Interest on calls in arrears(I) Preference Shares
(B) Interest on calls in advance(II) OPC
(C) Sec.2(62) of The Companies Act, 2013 defines(III) 12%
(D) Sec.43 of The Companies Act, 2013 defines(IV) 10%

Choose the correct answer from the options given below:

  1. (A) - (IV), (B) - (III), (C) - (I), (D) - (II)
  2. (A) - (IV), (B) - (III), (C) - (II), (D) - (I)
  3. (A) - (II), (B) - (I), (C) - (IV), (D) - (III)
  4. (A) - (III), (B) - (IV), (C) - (I), (D) - (II)

2026: 11 May Shift 2

Match the LIST-I with LIST-II

LIST-ILIST-II
A. Section 43 of Companies Act, 2013I.Calls in advance
B. Interest @10% p.aII.One person company
C. Section 2(62) of Companies Act, 2013III.Preference shares and Equity shares
D. Interest @12% p.aIV.Calls in Arrear

Choose the correct answer from the options given below:

Keyboard Shortcuts

  • Left arrow: Previous question
  • Right arrow: Next question
  • S key: Jump to solution
  • Q key: Jump to question

CUET Accountancy Past Year Questions (Topic-Wise)