CUET UG 2024 Accountancy Question Paper (17-May-2024) (Shift 3) - Free Mock Test (No Login)

Match List-I with List-II and choose the correct answer from the options given below:List-I (Name of account to be debited or credited, when shares are forfeited)(A) Share Capital Account(B) Share Forfeited Account(C) Calls-in-arrears Account(D) Securities Premium AccountList-II (Amount to be debited or credited)(I) Debited with amount not received(II) Credited with amount not received(III) Credited with amount received towards share capital(IV) Debited with amount called up

$400$ shares of $\text{₹ }50$ each issued at par were forfeited for non-payment of final call of $\text{₹ }10$ per share. These shares were reissued at $\text{₹ }45$ per share as fully paid-up. The amount transferred to capital reserve is:

When debentures are issued at a premium and redeemed at a premium, the journal entry will have the following combination:(A) Discount on issue of debentures account is credited(B) Loss on issue of debentures account is debited(C) Security premium account is credited(D) Premium on redemption of debentures account is creditedChoose the correct answer from the options given below:

Arrange the following in the correct sequence in the context of debenture:(A) Payment to debenture-holders(B) Creation of DRR (Debenture Redemption Reserve)(C) Issue of debentures(D) Redemption becomes dueChoose the correct answer from the options given below:

If a delay occurs beyond $8$ days in refunding the subscription amount, failing to gather the minimum subscription, from the date of closure of the subscription list, the company shall be liable for interest at the rate of: