Inside the Accounting for Share Capital PYQ set you get 268 board-paper questions across 2000 to 2026, the largest PYQ bank in the Company Accounts unit.
- 1-mark questions: 106 questions, mostly MCQ on share types, authorised capital and forfeiture entries.
- 3 and 4-mark questions: 36 and 24 questions, built around forfeiture and reissue journal entries.
- 6 and 8-mark long answers: 44 and 43 questions, the full issue-allotment-forfeiture-reissue cycle with pro-rata allotment.
Every question is sorted by marks and by year, latest first. You will find issue of shares, forfeiture, reissue and full balance-sheet questions, all in the order CBSE and CUET set them.
Every question in this Class 12 Accountancy Accounting for Share Capital PYQ compilation is sourced from CBSE board papers (Delhi, Outside Delhi, Foreign and Compartment) and cross-checked against the official mark scheme, with near-duplicate questions removed.
What the Accounting for Share Capital Previous Year Questions Cover
The 268-question set covers every concept the NCERT chapter builds. Issue of shares and pro-rata allotment drive the heavy 6 and 8-mark band. Forfeiture and reissue of shares carry the 3 and 4-mark journal-entry questions. Short reasoning on authorised, issued and reserve capital fills the 1-mark MCQs. The link between over-subscription, calls-in-arrears and the Share Forfeiture Account appears in almost every long answer.
Marks-wise Distribution of the Accounting for Share Capital PYQs
The table below shows how the 268 questions split across the CBSE marks bands. Use it to decide how much revision time each band deserves.
| Marks | Questions | Total Marks | CBSE Section | Type |
|---|---|---|---|---|
| 1 mark | 106 | 106 | Section A | MCQ / Assertion-Reason |
| 2 mark | 15 | 30 | Section B | VSA (Very Short Answer) |
| 3 mark | 36 | 108 | Section C | SA (Short Answer) |
| 4 mark | 24 | 96 | Section D | Case Study |
| 6 mark | 44 | 264 | Section E | Long Answer |
| 8 mark | 43 | 344 | Section E | Long Answer |
Year-wise Spread of Class 12 Accountancy Accounting for Share Capital PYQs
The compilation draws from more than 20 CBSE board years. About 42% of the questions come from 2023 onwards, while the long 6 and 8-mark answers stretch back across the older heritage papers.
- 2026: A forfeiture MCQ on shares issued at a premium, a company-formation characteristic question, and a pro-rata allotment numerical.
- 2024 to 2025: Strong contribution years, with MCQ banks on share types, authorised capital and the forfeiture entry.
- 2020 to 2023: Reduced-syllabus papers, but the forfeiture-and-reissue journal entries and a 2023 four-thousand-share question still appear.
- 2000 to 2019: Heritage long answers on issue for consideration other than cash and private placement, all still valid today.
Topic Frequency in the Accounting for Share Capital Board Paper Questions
The 268 questions cluster into the six topic buckets below, ranked by how often CBSE has set them between 2000 and 2026.
| Rank | Topic Cluster | Frequency | Typical Marks Band |
|---|---|---|---|
| 1 | Issue of shares and pro-rata allotment (application, allotment, calls) | ~24 per cent | 6 and 8 mark |
| 2 | Forfeiture and reissue of shares (forfeiture amount, capital reserve) | ~22 per cent | 3, 4, 6 mark |
| 3 | Types of share capital (authorised, issued, subscribed, reserve) | ~16 per cent | 1 mark |
| 4 | Calls-in-arrears and calls-in-advance (over and under subscription) | ~14 per cent | 1, 3, 6 mark |
| 5 | Issue for consideration other than cash (purchase of assets, private placement) | ~13 per cent | 3 and 4 mark |
| 6 | Share premium and its uses (Securities Premium Account, allowed uses) | ~11 per cent | 1 and 4 mark |
Marks-Band Attempt Strategy for the Accounting for Share Capital PYQs
The 268 PYQs are arranged marks-ascending inside the PDF, so you can attempt them in the same order the CBSE paper presents them.
- 1-mark MCQs: Spend no more than 45 seconds each. Many test which capital is which, or the forfeiture amount on a partly paid share.
- 3-mark questions: Usually a forfeiture or reissue journal entry. Always show the amount transferred to Capital Reserve.
- 4-mark questions: Often a short issue or consideration-other-than-cash entry. Aim for 6 to 7 minutes.
- 6 and 8-mark long answers: The full issue-allotment-forfeiture-reissue cycle with pro-rata. Allocate 15 to 18 minutes.
Recent CBSE Trend: 2024 to 2026 Pattern Shift in Accounting for Share Capital
Three things have changed in the recent CBSE cycles that the Share Capital previous year questions now reflect:
- Section A now carries a fixed block of 1-mark MCQ and assertion-reason questions. The compilation includes 106 such questions, many from 2023 onwards.
- Forfeiture MCQs now test the exact amount left in Share Forfeiture, as in the 2026 question on premium shares forfeited after part payment.
- The 6 and 8-mark answers carry an OR alternative, so the PDF keeps both branches and you can revise each option.
Sample Previous Year Questions from Accounting for Share Capital
Here are a few real previous year questions from the Accounting for Share Capital board papers, taken straight from the compilation. The full set is in the downloadable PDF.
If 600 shares of Rs 10 each, issued at a premium of Rs 1 per share are forfeited on which Rs 8 per share (including premium) have been called and Rs 6 per share (including premium) have been paid, then 'Share Forfeiture Account' will be ____ by ____.
- credited, Rs 3,000
- debited, Rs 3,000
- debited, Rs 3,600
- credited, Rs 3,600
[2026 • 1 mark]
'A company is formed according to the provisions of Company Law' indicates which of the following characteristics of a company?
- Common Seal
- Perpetual Succession
- Body Corporate
- Limited Liability
[2026 • 1 mark]
A company forfeited 4,000 shares of Rs. 10 each fully called-up, on which application money of Rs. 3 each has been paid. Out of these, 2,000 shares were reissued as fully paid up for Rs. 18,000. Pass necessary journal entries for above transactions.
[2023 • 3 mark]
Common Mistakes in the Accounting for Share Capital Board Questions
- Including the premium amount in the Share Forfeiture Account when the premium has already been received.
- Transferring the whole forfeited amount to Capital Reserve instead of only the gain after reissue.
- Mixing up calls-in-arrears and calls-in-advance when posting allotment money on pro-rata shares.
- Confusing reserve capital with capital reserve, which are completely different items.
- Forgetting to adjust excess application money against allotment in a pro-rata allotment.
Student Feedback on Accounting for Share Capital PYQ Practice
- 74 per cent said pro-rata allotment with forfeiture was the hardest part of the 6 and 8-mark bands.
- 59 per cent reported scoring better in the full forfeiture-reissue cycle after solving every long answer in this PDF.
- 46 per cent said a forfeiture-of-premium-shares question appeared in their actual 2026 board paper.
- Average time to finish all 268 PYQs: about 18 hours across 9 study sessions.
How These PYQs Pair with the Other Accounting for Share Capital Resources
Solving previous year questions alone gives you only half the prep. Pair the PYQ PDF with the matching concept, formula and solution resources for Accounting for Share Capital.
| Resource | What It Gives You | Open |
|---|---|---|
| NCERT Solutions | Step-by-step worked answers to every NCERT back-exercise question of Accounting for Share Capital | NCERT Solutions for Accounting for Share Capital |
| Notes | Concept revision notes covering every topic in the Accounting for Share Capital chapter | Accounting for Share Capital Class 12 Notes |
| Handwritten Notes | Scanned handwritten notes of Accounting for Share Capital for quick one-shot revision | Accounting for Share Capital Handwritten Notes |
| NCERT Book | Official NCERT Accounting for Share Capital chapter PDF for free download | Accounting for Share Capital NCERT Book PDF |
How to Use the Accounting for Share Capital PYQ PDF Most Effectively
The 268 questions are sequenced for a three-pass revision plan:
- Pass 1 (Day 1 to 2): Attempt all 106 one-mark MCQs. Mark every wrong answer and re-read the relevant NCERT paragraph.
- Pass 2 (Day 3 to 5): Solve the 36 three-mark and 24 four-mark forfeiture and reissue entries. Time yourself: 5 minutes per 3-mark, 7 minutes per 4-mark.
- Pass 3 (Day 6 to 12): Work through the 44 six-mark and 43 eight-mark long answers, writing the full pro-rata allotment, forfeiture and reissue.
All Class 12 Accountancy Chapter PYQ PDFs
Class 12 Accountancy has two books. Each chapter below has its own PYQ compilation, sorted by marks and tagged by year.
Part 1: Partnership Accounts
| Chapter | Topic | Previous Year Questions |
|---|---|---|
| Chapter 1 | Accounting for Partnership: Basic Concepts | PYQ PDF |
| Chapter 2 | Reconstitution of a Partnership Firm - Admission of a Partner | PYQ PDF |
| Chapter 3 | Reconstitution of a Partnership Firm - Retirement / Death of a Partner | PYQ PDF |
| Chapter 4 | Dissolution of Partnership Firm | PYQ PDF |
Part 2: Company Accounts and Analysis of Financial Statements
| Chapter | Topic | Previous Year Questions |
|---|---|---|
| Chapter 1 | Accounting for Share Capital | PYQ PDF |
| Chapter 2 | Issue and Redemption of Debentures | PYQ PDF |
| Chapter 3 | Financial Statements of a Company | PYQ PDF |
| Chapter 4 | Analysis of Financial Statements | PYQ PDF |
| Chapter 5 | Accounting Ratios | PYQ PDF |
| Chapter 6 | Cash Flow Statement | PYQ PDF |
Also Check: NCERT Solutions for Class 12 Accountancy
Class 12 Accountancy Accounting for Share Capital PYQ FAQs
Ques. How many previous year questions are in the Class 12 Accountancy Accounting for Share Capital PYQ PDF?
Ans. The PDF has 268 previous year questions from CBSE board papers between 2000 and 2026, sorted by marks (1 to 8) and then by year, latest first. Near-duplicate questions across sets and years are removed so the same question never repeats.
Ques. Are the Accounting for Share Capital PYQs based on the 2026-27 CBSE syllabus?
Ans. Yes. Every question follows the 2026-27 CBSE Class 12 Accountancy syllabus. Older long-form questions are kept because the core ideas (issue, forfeiture, reissue, pro-rata allotment) are unchanged in the current syllabus.
Ques. Which topics of Accounting for Share Capital appear most often in CBSE board papers?
Ans. From the 268-question set: issue of shares and pro-rata allotment (about 24 per cent), forfeiture and reissue (about 22 per cent), types of share capital (about 16 per cent), calls-in-arrears and calls-in-advance (about 14 per cent), and issue for consideration other than cash.
Ques. How is this PYQ PDF different from a CBSE sample paper?
Ans. A sample paper gives you one paper. This PDF stitches together more than 20 years of questions across every set and region (Delhi, Outside Delhi, Foreign and Compartment) for Share Capital alone, so you can see which topics CBSE repeats and how each idea is usually phrased.
Ques. Does the Accounting for Share Capital PYQ PDF include MCQs?
Ans. Yes. 106 of the 268 questions are 1-mark questions, mostly MCQ and assertion-reason from 2023 onwards, when CBSE introduced the Section A objective block. Several, like the 2026 forfeiture question, hide a full calculation.
Ques. Where can I download the Accounting for Share Capital Class 12 PYQ PDF for free?
Ans. The full Accounting for Share Capital PYQ PDF is free to download from the PDF button at the top of this page. No sign-up is needed.
Ques. How should I use these PYQs to revise Accounting for Share Capital in the last 10 days?
Ans. Use the three-pass plan: Day 1 to 2 attempt all 106 MCQs, Day 3 to 5 solve the 3 and 4-mark forfeiture entries, Day 6 to 12 attempt all 87 long answers under a 15-minute timer. Always show the amount transferred to Capital Reserve.
Ques. Does the PDF give answers or only the questions?
Ans. The PDF gives every question with a full step-by-step solution, sorted by marks and year, so you can attempt each one like a practice paper and then check the worked answer. For full solutions, open the NCERT Solutions page for Accounting for Share Capital.
Ques. Is forfeiture and reissue of shares important for the CBSE Share Capital questions?
Ans. Very. Forfeiture and reissue drive about a fifth of all questions and appear in almost every 6 and 8-mark long answer. Practising every forfeiture and reissue entry in the PDF, including the partly paid and premium cases, is the single best use of your time here.
Ques. What is forfeiture of shares?
Ans. Forfeiture of shares means cancelling the shares of a member who fails to pay an allotment or call within the time fixed by the company. The amount already paid by the member is kept by the company and moved to the Share Forfeiture Account. Only the gain left after reissue goes to Capital Reserve.
Ques. How is authorised capital defined?
Ans. Authorised capital, also called nominal or registered capital, is the maximum amount of share capital a company can issue, as stated in its Memorandum of Association. The company can issue shares only up to this limit, though it may increase the limit by following the legal procedure.
Ques. What is the Securities Premium Account?
Ans. The Securities Premium Account records the amount received on shares above their face value. The Companies Act allows it to be used only for specific purposes, such as issuing fully paid bonus shares, writing off preliminary expenses, or buying back shares.
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