List of top Accountancy Questions on Accounting for Share Capital asked in CUET (UG)

On forfeiture of 500 shares for non-payment of call money, what amount will be credited to Shares Forfeiture Account?

The director of Priya Polymer Limited resolved that 200 equity shares of Rs. 100 each be forfeited for non-payment of the second and final call of Rs. 30 per share. Out of these, 150 shares were re-issued at Rs. 60 per share to Monit. The amount of capital reserve will be:

While issuing the share capital for public subscription where there is no Articles of Association of its own, the following provisions of Table A will apply: (A) A period of one month must elapse between two calls.
(B) The amount of call should not exceed 25% of the face value of the share.
(C) A minimum of 7 days' notice is given to the shareholders to pay the amount.
(D) Calls must be made on a uniform basis on all shares within the same class.
Choose the correct answer from the options given below:

What is the amount of Profit on reissue of Forfeited Shares Accounts transferred to Capital Reserve?

On Reissue of 500 forfeited shares as fully paid at Rs. 8 per share, what amount will be debited to Shares Forfeiture Account?