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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

Authorized capital is the amount of share capital a company is authorized to issue by __________ .

Solution

✅ Correct Option: 4

Authorised or nominal capital is stated in the capital clause of the Memorandum of Association. It fixes the maximum amount of share capital the company may raise and can be altered only by amending the Memorandum.

Related questions:

2025: 29 May Shift 2

A private company is one which.

(A) restricts the right to transfer share..

(B) limits the number of members to 200.

(C) must have at least 2 persons.

(D) inculde a company which is subsidiary of public company.

Choose the correct answer from the options given below:

2026: 11 May Shift 2

Applications Supported by Blocked Amount (ASBA) is a process developed by.......................to apply for subscribing to IPOs and Rights Issue etc. of securities.

2022: 20 July Shift 1

Match List - I with List - II

List - IList - II
(a) The portion of authorised capital of a company which can be called during winding up(i) Other current liabilities
(b) Excess of share forfeited amount over the loss on reissue(ii) Reserve Capital
(c) Calls-in-advance is shown in Balance sheet under the head __(iii) Capital Reserve
(d) Equity shares cannot be issued to public at __(iv) Discount

Choose the correct answer from the options given below :

2025: 16 May Shift 1

Balance of share forfeiture account is shown in the balance sheet under which item :

2024

400 shares of ₹ 50 each issued at par were forfeited for non-payment of final call of ₹ 10 per share. These shares were reissued at ₹ 45 per share as fully paid-up. The amount transferred to capital reserve is:

2026: 11 May Shift 2

Arrange following important steps being used in the procedure of share issue:

A. Receipt of Applications

B. Allotment of shares

C. Issue of Prospectus

D. Receipt of Minimum subscription

Choose the correct answer from the options given below:

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CUET Accountancy Past Year Questions (Topic-Wise)