CUET Accountancy: Company AccountsShare Capital. Free, no login required.

Q1:

2026: 6 June Shift 1

Share Capital

Medium

Common

Which of the following are related to forfeiture of shares issued on premium :

(A) Share capital is debited with called up amount

(B) Calls in Advance is credited

(C) Share Forfeiture Account is credited with amount received

(D) Premium received on such Shares is debited, if it is received

Choose the correct answer from the options given below:

Answer options
Option 2
Correct Answer
Explanation for 2026: 6 June Shift 1 ACC question 1

Q2:

2026: 6 June Shift 1

Share Capital

Easy

Common

Which of the following is that portion of the called up capital, which has been actually received from the shareholders?

Answer options
Option 3
Correct Answer
Explanation for 2026: 6 June Shift 1 ACC question 2

Q3:

2026: 6 June Shift 1

Share Capital

Easy

Common

Select the features from the following which are related to Calls in Arrears:

(A) It reduces the paid-up capital

(B) It is debited where a company maintains its account.

(C) It increases liability

(D) It is shown on Asset side of the Balance Sheet

Choose the correct answer from the options given below:

Answer options
Option 3
Correct Answer
Explanation for 2026: 6 June Shift 1 ACC question 3

Q4:

2026: 6 June Shift 1

Share Capital

Easy

Common

Arrange the following in the sequence when shares are issued for consideration other than cash in the books of purchaser:

(A) Shares capital is credited for shares issued to vendor

(B) Assets aquired are debited

(C) Vendor's Account credited with purchase price

(D) Vendor's Account debited with issue of shares

Choose the correct answer from the options given below:

Answer options
Option 1
Correct Answer
Explanation for 2026: 6 June Shift 1 ACC question 4

Q5:

2026: 6 June Shift 1

Share Capital

Easy

Common

Vesting is a process to give right to ........................ to apply for shares of the company.

Answer options
Option 1
Correct Answer
Explanation for 2026: 6 June Shift 1 ACC question 5

Q6:

2026: 6 June Shift 1

Share Capital

Medium

Common

In public subscription, when there is no articles of association, which of the following provision is not true?

Answer options
Option 2
Correct Answer
Explanation for 2026: 6 June Shift 1 ACC question 6

Q7:

2026: 6 June Shift 1

Share Capital

Easy

Common

A company forfeited 5,000 shares of Rs. 10 each for non-payment of final call of Rs. 4 per share. Share Forfeiture A/c will be credited with the amount :

Answer options
Option 2
Correct Answer
Explanation for 2026: 6 June Shift 1 ACC question 7

Q8:

2026: 6 June Shift 1

Share Capital

Easy

Common

Balance of share forfeiture account is shown in the balance sheet under the item:

Answer options
Option 2
Correct Answer
Explanation for 2026: 6 June Shift 1 ACC question 8

Q9:

2026: 6 June Shift 1

Share Capital

Easy

Common

The amount of security premium cannot be used for:

Answer options
Option 4
Correct Answer
Explanation for 2026: 6 June Shift 1 ACC question 9

Q10:

2026: 6 June Shift 1

Share Capital

Easy

Common

Match List-I with List-II

List-IList-II
(A) Subscribed but not fully paid up capital(I) Shown under "Other Current Liabilities" in Balance Sheet
(B) Calls in Arrears(II) Shown under "Reserves & Surplus" in Balance Sheet
(C) Calls in Advance(III) Deducted from Subscribed Capital
(D) Securities Premium(IV) Share Capital Note Disclosure

Choose the correct answer from the options given below:

Answer options

Q11:

2026: 6 June Shift 1

Share Capital

Medium

Common

A share of Rs. 100 issued at Rs. 110 on which Rs. 70 (including premium) has been received is forfeited. What is the amount per share that will be transferred to capital reserve if share is reissued at Rs. 70 fully paid-up?

Answer options

Q12:

2026: 6 June Shift 1

Share Capital

Easy

Common

In case of company limited by shares, the liability of members is:

Answer options

Q13:

2026: 6 June Shift 1

Share Capital

Easy

Common

From the following, which is not a feature of a company?

Answer options

Q14:

2026: 31 May Shift 1

Share Capital

Easy

Common

In the case of issue of shares, the amount on any call should not exceed .......... of the face value of shares.

Answer options

Q15:

2026: 31 May Shift 1

Share Capital

Easy

Common

When shares are forfeited, the amount already received is credited to:

Answer options

Q16:

2026: 31 May Shift 1

Share Capital

Easy

Common

Authorised capital is the amount of share capital which a company is authorised to issue by its:

Answer options

Q17:

2026: 31 May Shift 1

Share Capital

Easy

Common

As per section 68 of The Companies Act, 2013, the company cannot buy their own shares from either of the following source:

Answer options

Q18:

2026: 31 May Shift 1

Share Capital

Easy

Common

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

Answer options

Q19:

2026: 31 May Shift 1

Share Capital

Easy

Common

Match the LIST-I with LIST-II

LIST-ILIST-II
A.Equity SharesI.Company which is not a subsidiary of private company
B.Preference SharesII.Owner of company and enjoy voting rights
C.Public CompanyIII.Restricts the right to transfer its shares
D.Private CompanyIV.Carry fixed dividend + Preferential rights

Choose the correct answer from the options given below:

Answer options

Q20:

2026: 31 May Shift 1

Share Capital

Easy

Common

In the case of companies limited by shares, the liability of its members is:

Answer options

Q21:

2026: 31 May Shift 1

Share Capital

Easy

Common

Applications Supported by Blocked Amount (ASBA) is a process developed by........................to apply for subscribing to IPOs and Rights Issue etc. of securities.

Answer options

Q22:

2026: 31 May Shift 1

Share Capital

Easy

Common

Which of the following statements correctly describe equity shares?

A. Dividend rate is fixed

B. Carry voting rights

C. Paid dividend after preference dividend

D. Preferential right of capital payment

Choose the correct answer from the options given below:

Answer options

Q23:

2026: 31 May Shift 1

Share Capital

Easy

Common

In case of issue of shares, the 'minimum subscription' of capital cannot be less than .......... of the issued amount according to SEBI (Disclosure and Investor Protection) Guidelines, 2000.

Answer options

Q24:

2026: 31 May Shift 1

Share Capital

Medium

Common

Which of the following statements are correct in respect of share capital?

A. Share application money received in excess is adjusted towards allotment.

B. Calls in advance is shown under share capital

C. Securities premium can be used to issue fully paid bonus shares

D. Share forfeiture account is a capital gain

Choose the correct answer from the options given below:

Answer options

Q25:

2026: 31 May Shift 1

Share Capital

Easy

Common

In case of issue of shares, there must be an interval of at least ..........month (s) between the making of two calls unless otherwise provided by the articles of association of the company.

Answer options

Q26:

2026: 31 May Shift 1

Share Capital

Easy

Common

If the condition of minimum subscription in case of the issue of shares is not satisfied, and the company fails to repay the entire subscription amount within 15 days from the date of closure of the subscription list, the company (through its officers in default) is liable to pay the amount with interest at the rate of ................. as per Section 39 of the Companies Act, 2013.

Answer options

Q27:

2026: 31 May Shift 1

Share Capital

Medium

Common

In the case of a One-Person Company, as per Rule 3 of the Companies (Incorporation) Rules, 2014, which of the following statement is not true?

Answer options

Q28:

2026: 29 May Shift 2

Share Capital

Easy

Common

Nominal share capital is :

Answer options

Q29:

2026: 29 May Shift 2

Share Capital

Easy

Common

Rabi Ltd. purchased building from Tiwari Ltd. for Rs. 6,40,000 out of which Rs. 40,000 is paid immediately and the balance is to be paid by the issue of shares of Rs. 100 each at a premium of 20%. How many shares will be issued ?

Answer options

Q30:

2026: 29 May Shift 2

Share Capital

Medium

Common

Rekha, a shareholder holding 500 shares of Rs. 10 each, did not pay the allotment money of Rs. 4 per share (including a premium of Rs. 2) and the first and final call of Rs. 3. Her shares were forfeited after the first and final call. What will be the amount to be shown under Share Forfeiture Account ?

Answer options