CUET UG 2025 — Accountancy Company Accounts
Sunena, 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. Choose the correct journal entry for forfeiture of the shares.
Held on 31 May 2025 · Verified 13 Jul 2026.
Share Capital A/c Dr. 5, 000
Securities Premium A/c Dr. 1,000
To Share Allotment A/c 2,000
To Share first and final Call A/c 2,500
To Share Forfeiture A/c 1,500
Share Capital Reserve A/c Dr. 5,000
Securities Premium A/c Dr. 1,000
To Share Allotment A/c 4,000
To Share Forfeiture A/c 2,000
Share Capital A/c Dr. 5, 000
Securities Premium A/c Dr. 1,000
To Share Allotment A/c 2,000
To Share Forfeiture A/c 4,000
Share Capital A/c Dr. 5, 000
Securities Premium A/c Dr. 1,000
To Share Allotment A/c 2,000
To Share first and final Call A/c 1,500
To Share Forfeiture A/c 2,500
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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.