AfterBoards Logo
Skip to main contentSkip to solution

CUET Accountancy 2026 PYQs24 May Shift 1. Free, no login required.

Company Accounts

past year questions, CUET Accountancy 2026 24 May Shift 1

Share Capital

past year questions, Company Accounts, CUET Accountancy 2026 24 May Shift 1

Easy

common

Accountant of a company provides the following steps regarding issue of shares. Arrange them in proper sequence.

(A) Calls in Arrear

(B) Forfeiture of Shares

(C) Receipt of Share Application Money

(D) Reissue of Shares

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 3

Application money is received first. Non-payment of a later call creates calls in arrears, persistent default leads to forfeiture, and forfeited shares may then be reissued. The sequence is (C), (A), (B), (D).

Related questions:

2026: 31 May Shift 1

In case of issue of shares, there must be an interval of at least ..........month (s) between the making of two calls unless otherwise provided by the articles of association of the company.

2025: 27 May Shift 2

In the Journal Entry of forfeiture of shares issued at a premium, the Share Capital Account is :-

2026: 12 May Shift 1

The premium amount collected from issue of shares can be used for the following purposes:

(A) To purchase own shares.

(B) To issue fully paid bonus shares to the extent not exceeding unissued share capital of the company.

(C) To write-off preliminary expenses of the company.

(D) To write-off fixed assests from books.

Choose the correct answer from the options given below:

2025: 31 May Shift 1

As a general rule, a company cannot ordinarily issue shares at ..................?

2025: 14 May Shift 2

Match List-I with List-II

List-IList-II
(A) Authorised Capital(i) It is that part of the subscribed capital which has been called up on the shares.
(B) Issued Capital(ii) It is that part of the issued capital which has been actually subscribed by the public.
(C) Subscribed Capital(III) It is that part of the authorised capital which is actually issued to the public for subscription.
(D) Called up Capital(IV) The amount of share capital which a company is authorised to issue by its Memorandum of Association

Choose the correct answer from the options given below:

2025: 30 May Shift 1

Which of the following is the correct statement in respect of Forfeited Shares :-

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)