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CUET Accountancy 2026 PYQs31 May Shift 1. Free, no login required.

Company Accounts

past year questions, CUET Accountancy 2026 31 May Shift 1

Share Capital

past year questions, Company Accounts, CUET Accountancy 2026 31 May Shift 1

Easy

common

A reserve portion of uncalled capital (Reserve capital) can be called by company:

Solution

✅ Correct Option: 1

Reserve capital is that part of uncalled capital which a limited company, by special resolution, decides not to call except at the time of winding up. It is kept as a cushion for creditors, so directors cannot call it during the life of the company and it cannot be charged or mortgaged.

Related questions:

2025: 14 May Shift 1

Match List-I with List-II

List-IList-II
(A) Issued Capital(I) It is that part of the issued capital which has been actually subscribed by the public.
(B) Uncalled Capital(II) Capital which can be called only in the event of winding up of the company.
(C) Reserve Capital(III) That portion of the subscribed capital which has not yet been called up.
(D) Subscribed Capital(IV) It is that part of the authorised capital which is actually issued to the public for subscription

Choose the correct answer from the options given below:

2025: 27 May Shift 1

The director of Poly Plastic Limited resolved that 200 equity shares of Rs.100 each be forfeited for non-payment of the second and final call of Rs.30 per share. Out of these, 150 shares were re-issued at Rs.60 per share to Mohit. Profit on reissue of forfeited shares transferred to capital reserve. Amount credited to capital reserve account is-

2025: 26 May Shift 2

Rs 50,000 were received in advance for second and final call along with first call. The second and final call was due after two months from the first call. Table II provides for interest on calls in advance at the rate not exceeding _____ per annum and interest on calls in advance amounted to Rs ...........

2025: 30 May Shift 2

Jain and Co. purchased a machine from Young Life Machine Limited for Rs.3,80,000. As per the purchase agreement, Rs. 20,000 were paid in cash and balance by issue of shares of Rs.100 each. How many shares are issued if the shares are issued at 20% premium.

2025: 26 May Shift 2

Match List-I with List-II

List-IList-II
(A) Calls in Arrears(I) Sometimes shareholders pay a part or the whole of the amount of the calls not yet made.
(B) Calls in Advance(II) When any shareholder fails to pay the amount due on allotment or on any of the calls
(C) Over Subscription(III) When number of shares applied for is less than the number for which applications have been invited for subscription
(D) Under Subscription(IV) When applications for more shares of a company are received than the number offered to the public for subscription

Choose the correct answer from the options given below:

2025: 3 June Shift 2

Arrange the following in order with respect to the issue of shares

(A) Application received

(B) Issue of prospectus

(C) Forfeiture of shares

(D) Allotment of Shares

(E) Reissue of forfeited shares

Choose the correct answer from the options given below:

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CUET Accountancy Past Year Questions (Topic-Wise)