CUET UG 2024 Accountancy Question Paper (17-May-2024) (Shift 3)

Question 1

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)List-II (Amount to be debited or credited)(A) Share Capital Account(I) Debited with amount not received(B) Share Forfeited Account(II) Credited with amount not received(C) Calls-in-arrears Account(III) Credited with amount received towards share capital(D) Securities Premium Account(IV) Debited with amount called up

Accepted Answer

(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

Answer

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

Answer

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

Answer

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Question 2

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

Accepted Answer

₹ 14,000

Answer

₹ 15,000

Answer

₹ 16,000

Answer

₹ 13,000

Question 3

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:

Accepted Answer

(B), (C) and (D) only

Answer

(A), (B) and (D) only

Answer

(A), (B) and (C) only

Answer

(A), (B), (C) and (D)

Question 4

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

Accepted Answer

(C), (B), (D), (A)

Answer

(A), (B), (C), (D)

Answer

(A), (C), (B), (D)

Answer

(B), (A), (D), (C)

Question 5

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:

Accepted Answer

15%

Answer

12%

Answer

6%

Answer

Prevailing in State Bank of India

CUET UG 2024 Accountancy Question Paper (17-May-2024) (Shift 3)

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List-I (Name of account to be debited or credited, when shares are forfeited)	List-II (Amount to be debited or credited)
(A) Share Capital Account	(I) Debited with amount not received
(B) Share Forfeited Account	(II) Credited with amount not received
(C) Calls-in-arrears Account	(III) Credited with amount received towards share capital
(D) Securities Premium Account	(IV) Debited with amount called up