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CUET Accountancy 2026 PYQs29 May Shift 1. Free, no login required.

Company Accounts

past year questions, CUET Accountancy 2026 29 May Shift 1

Share Capital

past year questions, Company Accounts, CUET Accountancy 2026 29 May Shift 1

Easy

common

Arrange the following in proper sequence, related to issue and forfeiture of shares

(A) Calls in arrears

(B) Shares are re-issued

(C) Call money become due

(D) Shares forfeited for non payment of money

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 4

The call must first become due (C). Non-payment creates calls in arrears (A). Continued default leads the company to forfeit the shares (D). Forfeited shares may then be re-issued (B).

Related questions:

2026: 11 May Shift 1

If an equity share of Rs. 20 on which Rs. 18 is called-up and Rs. 10 is paid, is forfeited. What will be the equity share capital account amount in the forfeiture journal entry ?

2025: 30 May Shift 1

Arrange the journal entries with regard to first call of shares in the correct sequence:

(A) For Adjustment of Excess Application Money

(B) For Amount Due on Allotment

(C) For Allotment money received.

(D) For Amount Due on call.

Choose the correct answer from the options given below:

2026: 6 June Shift 1

Match List-I with List-II

List-IList-II
(A) Subscribed but not fully paid up capital(I) Shown under "Other Current Liabilities" in Balance Sheet
(B) Calls in Arrears(II) Shown under "Reserves & Surplus" in Balance Sheet
(C) Calls in Advance(III) Deducted from Subscribed Capital
(D) Securities Premium(IV) Share Capital Note Disclosure

Choose the correct answer from the options given below:

2025: 4 June Shift 2

Which of the following is incorrect about the minimum subscription:

Minimum subscription is the minimum amount that, in the opinion of directors, must be raised to meet the needs of business operations of the company relating to:

2025: 22 May Shift 1

Which of the following indicates the other name of 'Nominal Capital'?

2025: 13 May Shift 2

Match List-I with List-II

List-IList-II
(A) Reserve Capital(I) That portion of the subscribed capital which has not yet been called up.
(B) Uncalled Capital(II) It is that part of the issued capital which has been actually subscribed by the public.
(C) Paid up Capital(III) A company may reserve a portion of its uncalled capital to be called only in the event of winding up of the company.
(D) Subscribed Capital(IV) It is that portion of the called up capital which has been actually received from the shareholders.

Choose the correct answer from the options given below:

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CUET Accountancy Past Year Questions (Topic-Wise)