CUET UG 2025 — Accountancy Company Accounts
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?
Held on 22 May 2025 · Verified 13 Jul 2026.
Vendor A/c Dr. 100000 To Bank A/c 100000
Bank A/c Dr. 100000 To Vendor A/c 100000
Share Capital A/c Dr. 100000 To Vendor A/c 100000
Vendor A/c Dr. 100000 To Share Capital A/c 100000
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According to Sec 2 (62) of Companies Act, 2013,the maximum amount of paidup share capital of an OPC is:
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)
A debenture which is transferable merely by delivery is:
Which statements are correct about capital reserve:- (A) It is necessary to create capital reserves out of capital profits, if any. (B) It cannot be used to issue bonus shares. (C) It can be used to write off capital losses or to issue bonus shares any time during the lifetime of the company. (D) It is not shown on the company balance sheet. Choose the correct answer from the options given below:
What is the amount of Profit on reissue of Forfeited Shares Accounts transferred to capital reserve?
Work through every CUET UG Company Accounts PYQ, year by year.