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

Choose the correct order regarding issue of shares process.

A. Receipt of Applications

B. Issue of Prospectus

C. Allotment of Shares

D. Forfeiture of share

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 2

The company first invites the public through a prospectus, then receives applications with application money, then allots shares to selected applicants. Forfeiture arises only later, when an allottee fails to pay allotment or call money. Hence the order is B, A, C, D.

Related questions:

2026: 19 May Shift 1

The balance in 'Calls in Advance' account is shown as a separate item under the title Equity and Liabilities in the company's balance sheet under the sub head:

2025: 30 May Shift 1

Table F of the Companies Act provides for the payment of interest on calls in advance at a rate not exceeding:

2025: 13 May Shift 2

Which statements are correct-

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

(B) Shareholders of a company are liable for the acts of the company.

(C) The director of a company must 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 2

Match the LIST-I with LIST-II

LIST-ILIST-II
A.Limits the number of its members to 200 (excluding its employees).I. Companies Limited by Shares
B.The liability of its members is limited to the amount they undertake to contribute in the event of the company being wound up.II. Private Company
C.The liability of its members is limited to the extent of the nominal value of shares held by them.III. Public Company
D.Invites the public to subscribe for its shares.IV. Companies Limited by Guarantee

Choose the correct answer from the options given below:

2022: 16 July Shift 2

The shares are reissued at

2022: 30 Aug Shift 2

The process of issuing shares to a vendor in exchange of any asset is known as:

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)