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High-Yield & Frequently Examined Questions

Questions curated and analyzed from official NEB/CDC past papers, recurring blueprint patterns, and full-mark rubrics.

Active Scope:All GradesPrinciples of Accounting II
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Showing 4 high-yield questions

Highest Weightage 8-Mark Compulsory Practical Question in AccountingClass 12 • Principles of Accounting II • Unit 2
Rating: 5 / 5
Defensible Pedagogical Basis:

Company Act 2063 & NEB Specification Grid Unit 2: Issue, Pro-rata allotment, Forfeiture & Re-issue of Shares.

Approach Summary: Calculate pro-rata ratio (5:4), Ramesh applied 625 shares, excess application money Rs. 3,125. Allotment unpaid = Rs. 19,375. Pass forfeiture, re-issue, and transfer Rs. 6,500 to Capital Reserve.
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Complete Verified Solution:
Recurring every year in NEB Accountancy Board ExamClass 12 • Principles of Accounting II • Unit 1
Rating: 5 / 5
Defensible Pedagogical Basis:

Accounting for Share Capital is assigned 10 marks in the NEB Class 12 specification grid, invariably featuring Pro-rata Allotment or Forfeiture/Re-issue.

Approach Summary: The Board of Directors has the discretion to re-issue forfeited shares. Maximum allowable discount cannot exceed the amount originally forfeited on those specific shares.
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Complete Verified Solution:
Standard NEB Board 8-Mark Compulsory Question pattern (Acc.104)Class 12 • Principles of Accounting II • Unit 1
Rating: 5 / 5
Defensible Pedagogical Basis:

In the NEB Class 12 Principles of Accounting examination, a comprehensive 8-mark numerical involving 3:2 Pro-rata allotment, forfeiture of shares before first call, and partial re-issue is the benchmark examination question.

Approach Summary: Calculate excess application money (NPR 450,000) and Pradeep's net arrears on allotment (NPR 7,500). Debit Share Capital with NPR 70 (called-up amount before first call). Call made on remaining 29,700 shares. Re-issue 200 shares @ NPR 80; transfer NPR 5,000 to Capital Reserve.
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Tested in NEB 2078, 2079, 2080 Board ExamsClass 12 • Principles of Accounting II • Unit 1
Rating: 5 / 5
Defensible Pedagogical Basis:

Examines the crucial distinction between forfeiture when securities premium is received vs when it remains unpaid, together with complete presentation on the Statement of Financial Position.

Approach Summary: Debited Securities Premium on Mr. A's forfeiture because premium was unpaid; do not touch Securities Premium on Mr. B's forfeiture because premium was already collected. Transfer NPR 7,500 to Capital Reserve. Balance Sheet reflects 19,800 fully paid shares plus NPR 12,000 forfeiture balance for Mr. B's 200 unreissued shares.
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