CUET UG 2025 — Accountancy Company Accounts
High Land India Ltd. invited applications for 50,000 Shares of Rs. 100 each per share. Applications were received for 70,000 shares and pro-rata allotment was made on the application for 50,000 shares. Rohan to whom 600 shares were allotted failed to pay the allotment money and his shares were forfeited immediately after allotment. Of the shares forfeited, 500 share were reissued as fully paid-up for Rs. 80 per share.
Order to be followed for recording entries will be
(A) Forfeiture of shares
(B) Calculation of amount received on allotment
(C) Adjustment of excess money received on application towards allotment
(D) Reissue of shares
Choose the correct answer from the options given below:
Held on 15 May 2025 · Verified 13 Jul 2026.
(A), (B), (C), (D)
(A), (B), (D), (C)
(C), (B), (A), (D)
(C), (B), (D), (A)
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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.