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Tanya Ltd. issued… (Class 12 Accountancy SQP 2026-27, Q11)

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AccountancyCBSE Class 12 · Sample paper, session 2026-27 · 1 mark · MCQ

CBSE Class 12 Accountancy sample paper 2026-27: question 11

From the official CBSE sample question paper for 2026-27, section A, question 11, for 1 mark. Try it first; the hints and our step-by-step solution are below.

Q11 · 1 mark · MCQAccounting for Share Capital

Tanya Ltd. issued 1,00,000 equity shares of ₹10 each at a premium of ₹2 per share. The amount was payable as follows: ₹4 on Application (including ₹1 premium) ₹5 on Allotment (including ₹1 premium) and ₹3 on Call. Applications were received for 95,000 shares, which were duly allotted. Ravi, holding 3,000 shares, failed to pay the allotment, so his shares were forfeited just after allotment. Later, 2,000 of these shares were reissued at ₹9 per share as fully paid up. What amount will be transferred to Capital Reserve?

  1. (A)₹ 4,000
  2. (B)₹ 7,000
  3. (C)₹ 10,000
  4. (D)₹ 6,000

Source: official sample paper from cbseacademic.nic.in (PDF). See it in the full Sample paper 2026-27.

Hints

Open one hint at a time and try again before the next.

Hint 1

Premium already received is not forfeited.

Hint 2

Only the reissued shares create capital reserve.

Step-by-step solution

Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.

  1. Ravi paid only the application money of ₹ 4, of which ₹ 1 is premium, so ₹ 3 per share of capital is forfeited (the unpaid allotment premium is debited to Securities Premium).

  2. Reissue of 2,000 shares at ₹ 9 as fully paid allows ₹ 1 discount: Capital Reserve = 2,000 × (₹ 3 − ₹ 1) = ₹ 4,000. Option (A).

    1 mark

Answer: (A) ₹ 4,000

Where the marks are

  • Forfeited ₹ 3 less discount ₹ 1 on 2,000 shares (1 mark)

Revise the chapter

Practise this chapterBoard-style questions from Accounting for Share Capital, one at a time, marked against the answer key and marking points.Back to the full paperSample paper 2026-27: every question, by section.

The question is transcribed from the official paper; figures are described in words. The solution, hints and chapter tag are ours. Spotted an error? Write tosupport@questionbuddy.in.