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Forfeiture Questions

Practice 8 Forfeiture questions with detailed answers and explanations. Free MCQs, PYQs, and mock test questions for NEET, JEE, GATE, SSC and more.

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8
Total Questions
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2
Easy
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4
Medium
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2
Hard
Practice by Exam:Accountancy(6)CUET Accountancy(2)

About Forfeiture — practice questions, PYQs & concepts

Forfeiture is a frequently-tested topic on Accountancy, CUET Accountancy. ExamTest.live currently lists 8 Forfeiture questions spanning previous-year papers from 2026 to 2026, each with worked solutions and a step-by-step explanation. Use the filters on this page to focus on a specific exam, difficulty level or year — every answer key is free, no sign-up required.

Forfeiture weight in competitive exams

Across our Forfeiture question bank, the largest sources are Accountancy (6) and CUET Accountancy (2). Click any exam chip above to drill down to that exam-specific question set.

How to use this page

  • Start easy: 2 easy Forfeiture questions are available — build fluency before moving up.
  • Target weak years: Use the year filter to focus on the most recent 2026 paper or older PYQs you have not attempted.
  • Time yourself: Every question shows the average solve time so you can benchmark your speed against other students.
  • Read every explanation: Even on questions you got right — the explanation often surfaces a faster approach you can reuse.

All Forfeiture Questions(1–8 of 8)

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Q1hardmcqAccountancyCUET Accountancy 2022 15 July Shift 22026
0% accuracy
[Context based on Mona Ltd.] At the time of forfeiture, the Securities Premium Reserve Account will be debited for how many shares?
Q2hardmcqAccountancyCUET Accountancy 2022 15 July Shift 22026
0% accuracy
[Context based on Mona Ltd.] What is the balance remaining left over in the Share Forfeiture Account after the reissue of $150$ shares?
Q3mediummcqCUET AccountancyCUET Accountancy 2025 16 May Shift 12026
Comprehension:Read the following passage carefully and answer the questions that follow. Ltd. issued shares to the public having a Face Value of ₹ at a premium. The money is receivable as follows:Application = ₹ (including premium)Allotment = ₹ First and Final call = Remaining amountThe public applied for shares. The company rejected applications for shares and made a pro-rata allotment to the remaining applicants. A shareholder who had applied for shares failed to pay the allotment and call money, and his shares were subsequently forfeited by the company. Later, these forfeited shares were reissued at ₹ each as fully paid.What is the amount to be credited to the Calls-in-Arrears Account at the time of forfeiture?
Q4mediummcqCUET AccountancyCUET Accountancy 2025 16 May Shift 12026
Comprehension:Read the following passage carefully and answer the questions that follow. Ltd. issued shares to the public having a Face Value of ₹ at a premium. The money is receivable as follows:Application = ₹ (including premium)Allotment = ₹ First and Final call = Remaining amountThe public applied for shares. The company rejected applications for shares and made a pro-rata allotment to the remaining applicants. A shareholder who had applied for shares failed to pay the allotment and call money, and his shares were subsequently forfeited by the company. Later, these forfeited shares were reissued at ₹ each as fully paid.What is the amount of discount per share allowed by the company at the time of reissue of the forfeited shares?
Q5easymcqAccountancyCUET Accountancy 2025 22 May Shift 22026
At the time of forfeiture, the share capital account is:
Q6mediummcqAccountancyCUET Accountancy 2025 27 May Shift 22026
Arrange the following events (in relation to the issue of shares) in a logical order.(A) Transfer to capital reserve.(B) Forfeiture of share.(C) Calls in arrears.(D) Re-issue of share.Choose the correct answer from the options given below:
Q7mediummcqAccountancyCUET Accountancy 2025 27 May Shift 22026
In the Journal Entry of forfeiture of shares issued at a premium, the Share Capital Account is:
Q8easymcqAccountancyCUET Accountancy 2025 27 May Shift 22026
Shares can be forfeited:

Frequently Asked Questions

How many Forfeiture questions are on ExamTest.live?▼
We have 8 Forfeiture questions spread across 1 pages, covering easy, medium, and hard difficulty levels with detailed explanations.
Are Forfeiture MCQs free?▼
Yes. All Forfeiture questions, answers, and explanations on ExamTest.live are completely free. No account or subscription required.
Which exams include Forfeiture questions?▼
Forfeiture questions are commonly asked in Accountancy, CUET Accountancy. You can filter by exam using the links above.
How do I practice Forfeiture questions effectively?▼
Start with easy questions to build confidence, then tackle medium and hard ones. Use the filter buttons to sort by difficulty. Reveal the answer only after attempting each question, and read the explanation thoroughly.