Securities Premium is debited at forfeiture only when the premium was NOT received. Rashidi applied for 120 shares, allotted 100 shares (pro-rata 6:5), and did not pay allotment, hence premium was NOT received on his 100 shares. Shantanu paid allotment (including premium). Premium to be debited = 100 x Rs.2 = Rs.200.
Amount of Securities Premium Reserve to be debited at the time of forfeiture of shares will be
CUET UG 2022 — Accountancy Company Accounts
2022mcqmedium
Amount of Securities Premium Reserve to be debited at the time of forfeiture of shares will be
Official previous-year question
Held on 16 Jul 2022 · Verified 13 Jul 2026.
Options
- A
Rs.240
- B
Rs.200
- C
Rs.100
- D
Rs.300
Did you get this right?
Sign in to track your attempts and accuracy.
Your note
Sign in to keep a private note on this question. Nothing you write is ever public.
CUET UG Company Accounts in other years
More CUET UG Company Accounts questions
In which order, the share capital of the Company is shown on the balance sheet: (A) Authorized Capital (B) Subscribed and fully paid up Capital (C) Issued Capital (D) Subscribed but not fully paid up Choose the correct answer from the options given below:
2025medium
Select the TRUE statement related to the issue/re-issue of equity shares.
2025medium
What does 'E' stand for in ESOP?
2025easy
Blue Prints Ltd., account will be :
2025medium
Arrange the following in correct order for issue of shares- (A) Share forfeiture (B) Share Application (C) Share Allotment (D) Unpaid Call Choose the correct answer from the options given below: 1. (B), (A), (C), (D) 2. (B), (C), (D), (A) 3. (B), (A), (D), (C) 4. (C), (B), (D), (A)
2025easy
Other Accountancy topics for CUET UG
Keep practicing Company Accounts
Work through every CUET UG Company Accounts PYQ, year by year.