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easyMCQCUET Accountancy 2023 11 June Shift 32026Accountancy
1 mark

Arrange the following steps in correct sequence with regard to Shares of a company.(A) Making Calls(B) Forfeiture of Shares(C) Issue of Prospectus(D) Calls in Arrears(E) Reissue of SharesChoose the correct answer from the options given below:

  1. A
    (C), (D), (A), (B), (E)
  2. B
    (C), (A), (D), (B), (E)
  3. C
    (C), (D), (B), (A), (E)
  4. D
    (C), (A), (D), (E), (B)

Solution & Step-by-step Explanation

The chronological lifecycle of share issuance and management follows this pattern:Issue of Prospectus (C) to invite applications.Making Calls (A) for balance payments.Incidents of non-payment lead to Calls in Arrears (D).Forfeiture of Shares (B) due to non-payment of arrears.Reissue of Shares (E) to new buyers.Thus, the proper sequence is (C), (A), (D), (B), (E).

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Arrange the following steps in correct sequence with regard to Shares of a company.(A) Making Calls(B) Forfeiture of Shares(C) Issue of Prospectus(D) Calls in Arrears(E) Reissue of SharesChoose the correct answer from the options given below:
A
(C), (D), (A), (B), (E)
B
(C), (A), (D), (B), (E)
C
(C), (D), (B), (A), (E)
D
(C), (A), (D), (E), (B)

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