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CUET Accountancy 2026 PYQs12 May Shift 1. Free, no login required.

Company Accounts

past year questions, CUET Accountancy 2026 12 May Shift 1

Share Capital

past year questions, Company Accounts, CUET Accountancy 2026 12 May Shift 1

Easy

common

The company has to get minimum subscription within how many days from the date of the issue of the prospectus?

Solution

✅ Correct Option: 4

NCERT states that a company has to obtain the minimum subscription within 120 days from the date of issue of the prospectus. If it does not receive the minimum subscription within this period, it cannot proceed with the allotment of shares.

Therefore, Option 4, 120 days, is correct.

Related questions:

2026: 19 May Shift 1

Choose the correct order of the following in the Notes to Accounts of the Balance Sheet of the company:

(A) Calls in arrear

(B) Nominal Capital

(C) Issued Capital

(D) Subscribed and fully paid up capital

Choose the correct answer from the options given below:

2025: 3 June Shift 1

R Ltd purchased a building from X Infra for Rs 6,00,000 and the payment is to be made by the issue of shares for Rs 100 each at a premium of 20%. Calculate the number of shares to be issued.

2026: 23 May Shift 2

Employees Stock Option Plan (ESOP) can be offered by a company to:

2025: 24 May Shift 1

A share having a face value of Rs.12, on which Rs. 10 is called-up and Rs. 8 is paid, is forfeited. State the amount with which the Share Capital account will be debited

2022: 16 July Shift 2

The shares are reissued at

2022: 16 July Shift 2

The Balance Sheet of the company will show authorised capital of the company as _______ .

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CUET Accountancy Past Year Questions (Topic-Wise)