Match List - I with List - II. | List - I | List - II | |---|---| | (A) Share forfeiture | (I) Cr. share capital | | (B) Shares reissued | (II) Dr. share capital | | (C) Excess application money refunded | (III) Dr. Bank A/c | | (D) Calls money received | (IV) Cr. Bank A/c | Choose the correct answer from the options given below :

Question

Option 1: (A) - (I), (B) - (II), (C) - (IV), (D) - (III)

Option 2: (A) - (II), (B) - (I), (C) - (IV), (D) - (III)

Option 3: (A) - (II), (B) - (I), (C) - (III), (D) - (IV)

Option 4: (A) - (IV), (B) - (I), (C) - (III), (D) - (II)

AfterBoards · Accepted Answer

The answer is '(A) - (II), (B) - (I), (C) - (IV), (D) - (III)'. View full solution:

List-I	List-II
(A) Separate Legal Entity	(I) A company being a legal person can enter into contracts and can enforce the contractual rights against others.
(B) Perpetual Succession	(II) It can hold and deal with any type of property, It can enter into contracts and even open a bank account in its own name.
(C) Common Seal	(III) The company being an artificial person created by law continues to exist irrespective of the changes in its membership.
(D) May Sue or be Sued:	(IV) The company being an artificial person, cannot sign its name by itself.

CUET Accountancy 2022 23 Aug Shift 2 PYQs

Keyboard Shortcuts