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

Medium

common

The credit amount on share forfeiture account relating to shares yet to be reissued :

Solution

✅ Correct Option: 3

Transfer to Capital Reserve happens only when forfeited shares are actually reissued, because until then the gain is not realised. The balance relating to shares still awaiting reissue is carried forward and disclosed in the Notes to Accounts on Share Capital, added to the subscribed capital figure in the balance sheet.

Related questions:

2025: 31 May Shift 1

State which of the following combination of statements are true about the Company-

(A) A company is an artificial person.

(B) Capital reserves are created from capital profits.

(C) Shareholders of a company are liable for the acts of the company.

(D) A company's shares are generally transferable.

Choose the correct answer from the options given below:

2025: 14 May Shift 2

Correct steps in the procedure of issue of shares are-

(A) Allotment of Shares

(B) Calls in Arrears

(C) Issue of Prospectus

(D) Receipt of Applications

Choose the correct answer from the options given below:

2023: 20 June Shift 2

Before forfeiture of Rahul's shares, who are required to issue notice in this regard.

2026: 21 May Shift 2

The rule contained in Table F shall be applicable which states that interest at a rate not exceeding ______ shall have to be paid on all unpaid amounts on shares for the period intervening between the day fixed for payment and the time of actual payment thereof.

2025: 13 May Shift 1

Match List-I with List-II

List-IList-II
(A) Authorised Capital(I) Capital which is actually issued to the public for subscription including the shares allotted to vendors and the signatories to the company's memorandum.
(B) Issued Capital(II) It is that part of the subscribed capital which has been called up on the shares, i.e., what the company has asked the shareholders to pay.
(C) Subscribed Capital(III) The amount of share capital which a company is authorised to issue by its Memorandum of Association.
(D) Called up Capital(IV) It is that part of the issued capital which has been actually subscribed by the public.

Choose the correct answer from the options given below:

2025: 22 May Shift 1

Which of the following company, by its articles, restricts the right to transfer its shares ?

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)