CUET Accountancy 2025 27 May Shift 1 PYQs

The directors of Poly Plastic Limited resolved that $200$ equity shares of $\text{Rs. }100$ each be forfeited for non-payment of the second and final call of $\text{Rs. }30$ per share. Out of these, $150$ shares were re-issued at $\text{Rs. }60$ per share to Mohit. The profit on the reissue of forfeited shares is transferred to the capital reserve. The amount credited to the capital reserve account is:

Excess value of net assets over purchase consideration at the time of purchase of business is credited to:

X Limited Issued $10,000$, $12\%$ debentures of $\text{Rs. }100$ each payable $\text{Rs. }40$ on application and $\text{Rs. }60$ on allotment. The public applied for $14,000$ debentures. Applications for $9,000$ debentures were accepted in full, applications for $2,000$ debentures were allotted $1,000$ debentures and the remaining applications were rejected. All money was duly received. The $12\%$ Debenture Application A/c will be credited with:

According to section _______ of The Companies Act, 2013 'Debenture' includes debenture stock, bonds and any other securities of a company whether constituting a charge on the assets of the company or not.

Match List-I with List-II:List-IList-II(A) Compulsory Dissolution(I) A partner persistently commits breach of partnership agreement.(B) Happening of contingencies(II) Death of a partner(C) Dissolution by Court(III) According to contract between the partners.(D) Dissolution by agreement(IV) Business becomes illegalChoose the correct answer from the options given below: