AfterBoards Logo
Skip to main contentSkip to solution

CUET Accountancy 2026 PYQs21 May Shift 1. Free, no login required.

Company Accounts

past year questions, CUET Accountancy 2026 21 May Shift 1

Share Capital

past year questions, Company Accounts, CUET Accountancy 2026 21 May Shift 1

Easy

common

Match List-I with List-II

List-IList-II
(A) Equity shareholders are(I) Issued share capital
(B) The maximum amount of share capital which a company is authorised to issue(II) Owners
(C) The profit on the reissue of forfeited shares is not transferred to(III) Nominal share capital
(D) It is that part of the authorised capital which is issued by the company(IV) Capital redemption reserve

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 3

Equity shareholders bear the residual risk and are the owners (II). The maximum capital a company may issue as stated in the Memorandum is authorised or nominal capital (III). Profit on reissue of forfeited shares goes to Capital Reserve, not to Capital Redemption Reserve (IV). The portion of authorised capital actually offered is issued capital (I).

Related questions:

2025: 2 June Shift 2

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.

2025: 22 May Shift 1

Gupta Ltd. issued 1,000 equity shares of Rs. 100 each as fully paid-up, to the vendor, in consideration of the purchase of plant and machinery worth Rs. 1,00,000. Which of the following entry will be recorded in the company's journal for it?

2025: 2 June Shift 2

A share of Rs.10. Issued at a premium of Rs.3. On which Rs.3 was payable on application and Rs.5 was payable on allotment including premium. A shareholder who had applied for 100 shares was Allotted Only 50 Shares and due to non payment of allotment his shares were forfeited. In this case the amount to be debited to securities premium A/c on forfeiture of these shares are

2025: 22 May Shift 2

It is to be noted that 'minimum subscription' of capital cannot be less than ……… of the issued amount according to SEBI Guidelines (Disclosure and Investor Protection)

2025: 14 May Shift 2

Match List-I with List-II

List-IList-II
(A) For Transfer of Application Money(I) Share Allotment A/c Dr. To Share Capital A/c
(B) For Money Refunded on Rejected Application(II) Share Application A/c Dr. To Share Capital A/c
(C) For Amount Due on Allotment(III) Share Application A/c Dr. To Bank A/c
(D) For Receipt of Allotment Money(IV) Bank A/c Dr. To Share Allotment A/c

Choose the correct answer from the options given below:

2023: 29 May Shift 2

Identify the number of shares with which A ltd is registered.

Keyboard Shortcuts

  • Left arrow: Previous question
  • Right arrow: Next question
  • S key: Jump to solution
  • Q key: Jump to question

CUET Accountancy Past Year Questions (Topic-Wise)