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CUET Accountancy 2026 PYQs13 May Shift 1. Free, no login required.

Company Accounts

past year questions, CUET Accountancy 2026 13 May Shift 1

Share Capital

past year questions, Company Accounts, CUET Accountancy 2026 13 May Shift 1

Easy

common

Amount forfeited on shares is shown under which head of the balance sheet?

Solution

✅ Correct Option: 3

Share Forfeiture A/c represents money already received against shares, so until those shares are reissued the balance is added to Subscribed Capital in the Notes to Accounts on Share Capital, under Shareholders' Funds.

It is not a reserve, as the amount becomes a capital profit only after reissue.

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List-IList-II
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Choose the correct answer from the options given below:

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CUET Accountancy Past Year Questions (Topic-Wise)