The director of Poly Plastic Limited resolved that 200 equity shares of Rs.100 each be forfeited for non-payment of the second and final call of…
CUET UG 2025 — Accountancy Company Accounts
The director of Poly Plastic Limited resolved that 200 equity shares of Rs.100 each be forfeited for non-payment of the second and final call of Rs.30 per share. Out of these, 150 shares were re-issued at Rs.60 per share to Mohit. Journal entry for creating capital reserve will be:
Held on 4 Jun 2025 · Verified 13 Jul 2026.
Options
- A
Shares Forfeiture A/c Dr. 3,500
To Capital Reserve A/c 3,500 - B
Shares Forfeiture A/c Dr. 6,500
To Capital Reserve A/c 6,500 - C
Shares Forfeiture A/c Dr. 4,500
To Capital Reserve A/c 4,500 - D
Shares Forfeiture A/c Dr. 10,500
To Capital Reserve A/c 10,500
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:
Select the TRUE statement related to the issue/re-issue of equity shares.
What does 'E' stand for in ESOP?
Blue Prints Ltd., account will be :
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)
Other Accountancy topics for CUET UG
Keep practicing Company Accounts
Work through every CUET UG Company Accounts PYQ, year by year.