CUET Accountancy 2025 30 May Shift 1 PYQs

Which of the following is the correct statement in respect of Forfeited Shares:

__________ is that portion of the subscribed capital which has not been demanded by the company. The company may collect this amount any time when it needs further funds:

Match List-I with List-II:List-I(A) The maximum amount of share capital which a company is authorized to issue is known as(B) Shares can be forfeited for(C) The profit on the reissue of forfeited shares is transferred to(D) Balance of share forfeiture account is shown in the balance sheet under the itemList-II(I) Capital reserve(II) Share capital(III) Nominal share capital(IV) Non-payment of call moneyChoose the correct answer from the options given below:

Match List-I with List-II:List-IList-II(A) Under Subscription(I) Issue of Shares at an amount more than the nominal or par value of shares.(B) Issue of Shares at a Premium(II) It is a situation where the number of shares applied for is less than the number for which applications have been invited for subscription.(C) Over Subscription(III) The amount so received from the shareholders when shareholders pay a part or the whole of the amount of the calls not yet made.(D) Calls in Advance(IV) When applications for more shares of a company are received than the number offered to the public for subscription.Choose the correct answer from the options given below:

Suvidha Ltd. purchased machinery worth $\text{Rs. }1,98,000$ from Suppliers Ltd. The payment was made by issue of $12\%$ debentures of $\text{Rs. }100$ each. How many debentures will be issued at a $10\%$ discount?