UGC NET Company accounts Previous Year Questions
JRFSmart holds 8 previous-year questions on Company accounts from UGC NET Commerce (Paper 2), filed under Unit 2: Accounting and Auditing, drawn from 7 of the 22 exam papers in the bank (2018–2025). Each question can be practised with a full explanation and shows how often NTA has returned to the same idea.
What is asked in Company accounts
The questions in this topic fall under these subtopics, ordered by how many previous-year questions each has.
| Subtopic | Questions |
|---|---|
| Forfeiture and reissue of shares | 3 |
| Redemption of preference shares - CRR | 1 |
| Forfeiture of shares | 1 |
| Classification of items in Balance Sheet | 1 |
| Securities premium - utilisation | 1 |
| Calls in advance, forfeiture and securities premium | 1 |
NTA repeat analysis
Company accounts appears in 7 of 22 papers (32%), which JRFSmart rates as high frequency.
Sample previous-year questions
Which of the following statements are correct: A. Call-in-advance is the amount paid by the shareholders in excess of amount due from them. B. When the number of shares applied is more than the number of shares offered to the public for subscription, the…
Match List - I with List - II. LIST I | LIST II A. Interest accrued on Investment | I. Current liabilities B. Bank Overdraft | II. Property, plant and equipment C. Trade Mark | III. Current Assest Inventory D. Stores and Spares | IV. Current Assets other…
The balance of securities premium account cannot be utilized for which one of the following?
A company forfeits 100 shares of Rs.10 each on which Rs.300 had been received. 60 shares are reissued at Rs.9 per share. Which one of the following amount is to be transferred to Capital Reserve Account?
Luxmi industries issued shares of Rs 1000 at a premium of Rs 10 per share, payable Rs 20 on application, Rs. 35 on allotment (including premium) and the balance on the first and final call. Mr. X who held 200 shares has paid only the application money and…
Redeemable preference shares of Rs. 2,00,000 are to be redeemed at par for which fresh equity shares of Rs. 80,000 are issued at a discount of 10%. What amount should be transferred to Capital Redemption Reserve Account?
X Ltd. forfeited 20 shares of ` 10 each, ` 8 called up, on which John had paid application and allotment money of ` 5 per share, of these, 15 shares were reissued to Parker as fully paid up for ` 6 per share. What is the balance in the share Forfeiture…
X Ltd. forfeited 40 shares of Rs.10 each and on which Rs.4 per share was paid. If the forfeited shares are reissued as Rs.8 per share paid up, what is the minimum price the company must charge?
Showing 8 of 8 questions, without answers. Practise the full set with options, the official answer and JRFSmart's explanations.
Practise Company accounts
All 8 questions, one topic, with explanations and repeat data. One topic in every unit is free.
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