CUET UG Accountancy — Company Accounts previous year questions with solutions.
Breakdown of the 409 Company Accounts questions tagged to a subtopic, by year — darker cells mean more questions.
| Subtopic | Weightage | Total | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|---|
| Share Capital | 74.1% | 303 | 214 | 7 | 27 | 55 |
| Debentures | 25.9% | 106 | 66 | 2 | 17 | 21 |
| All subtopics | 409 | 280 | 9 | 44 | 76 |
Nominal share capital is :
To write off Discount on issue of debentures following entry is made
Which of the following is not the characteristics of company-
Nominal share capital is-
Which of the following debentures do not have a specific charge on the assets of the company.
Match List-I with List-II | List-I | List-II | |---|---| | (A) Companies Limited by Shares | (I) When the company's property is not sufficient to pay off its debts, the private property of its members can be used for the purpose. | | (B) Companies Limited by Guarantee | (II) Restricts the right to transfer its shares | | (C) Unlimited Companies | (III) If a member has paid the full amount of the shares, there is no liability on his part whatsoever for the debts of the company. | | (D) Private Company | (IV) The liability of its members is limited to the amount they undertake to contribute in the event of the company being wound up. | Choose the correct answer from the options given below:
What will be the journal entries when a call is due and the amount of the same is received?
There must be an interval of how many months between the making of two calls unless otherwise provided by the articles of association of the company.
Steps for Forfeiture of Shares- (A) Issue of Prospectus (B) Shares Forfeiture (C) Receipt of Application (D) Allotment of Shares Choose the correct answer from the options given below:
Discount allowed on reissue of forfeited shares should be debited to:
Match List-I with List-II | List-I | List-II | |---|---| | (Type of Debentures) | (Characteristic of Debenture) | | (A) Secured Debentures | (I) do not have a specific charge on assets of the company | | (B) Redeemable Debentures | (II) do not carry a specific rate of interest | | (C) Zero Coupon Rate Debentures | (III) are payable on the expiry of the specific period | | (D) Unsecured Debentures | (IV) a charge is created on the assets of the company | Choose the correct answer from the options given below:
200 shares of Rs. 100 each issued at a premium of Rs.10 were forfeited for the non-payment of allotment money of Rs. 60 (including premium) per share. The first and final call of Rs. 20 per share on these shares were not made. The forfeited shares were reissued at Rs. 70 per share as fully paid-up. Capital reserve created after reissue will be:
The following are the features of Debentures: (A) The payment of interest is a charge on profits and is to be paid even if there is no profit. (B) The debentures, which are issued for a specified period are repayable on the expiry of that period. (C) If the debentures are generally secured, they carry a fixed or floating charge over the assets of the company. (D) Debentures can not be converted into shares in any case. Choose the correct answer from the options given below:
When debentures are issued at par and redeemable at a premium, the premium payable on redemption is debited to:
Debentures are issued at a discount. In which of the following the difference between their nominal value and the issue price is treated as the amount of interest.
Match List-I with List-II | List-I | List-II | |---|---| | (A) Reserve Capital | (I) That portion of the subscribed capital which has not yet been called up. | | (B) Uncalled Capital | (II) It is that part of the issued capital which has been actually subscribed by the public. | | (C) Paid up Capital | (III) A company may reserve a portion of its uncalled capital to be called only in the event of winding up of the company. | | (D) Subscribed Capital | (IV) It is that portion of the called up capital which has been actually received from the shareholders. | Choose the correct answer from the options given below:
Match List-I with List-II | List-I | List-II | |---|---| | (A) Issued Capital | (I) It is that part of the issued capital which has been actually subscribed by the public. | | (B) Uncalled Capital | (II) Capital which can be called only in the event of winding up of the company. | | (C) Reserve Capital | (III) That portion of the subscribed capital which has not yet been called up. | | (D) Subscribed Capital | (IV) It is that part of the authorised capital which is actually issued to the public for subscription | Choose the correct answer from the options given below:
Arrange the following capitals in correct sequence as they appears in notes to account- (A) Subscribed and Not Fully paid-up (B) Subscribed and Fully paid-up (C) Issued Capital (D) Nominal Capital Choose the correct answer from the options given below:
Rahul Limited purchased building from Handa Limited for Rs.5,40,000 and the payment is to be made by the issue of shares of Rs.100 each. The number of shares to be issued at premium of 20% is:
Amount recieved on allotment:
Money received on First Call is
Rohan to whom 600 shares were allotted must have applied for:
Allotment money received in advanced alongwith application is _______________
Match List-I with List-II | List-I | List-II | |---|---| | (A) Authorised Capital | (i) It is that part of the subscribed capital which has been called up on the shares. | | (B) Issued Capital | (ii) It is that part of the issued capital which has been actually subscribed by the public. | | (C) Subscribed Capital | (III) It is that part of the authorised capital which is actually issued to the public for subscription. | | (D) Called up Capital | (IV) The amount of share capital which a company is authorised to issue by its Memorandum of Association | Choose the correct answer from the options given below: