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CUET Accountancy 2023 PYQs11 June Shift 3. Free, no login required.

Company Accounts

past year questions, CUET Accountancy 2023 11 June Shift 3

Share Capital

past year questions, Company Accounts, CUET Accountancy 2023 11 June Shift 3

Medium

Match List - I with List - II.

List - IList - II
(A) Equity Share(I) Fixed Dividend
(B) Preference Share(II) No hold over Assets
(C) Secured Loan(III) Hold over Assets
(D) Unsecured Loan(IV) Voting Right

Choose the correct answer from the options given below :

Solution

✅ Correct Option: 3

Equity Shares carry voting rights (IV). Preference Shares get fixed dividend (I). Secured Loan is backed by hold/charge over assets (III). Unsecured Loan has no hold over assets (II). Hence A-IV, B-I, C-III, D-II.

Related questions:

2025: 31 May Shift 1

Match List-I with List-II

List-IList-II
(A) Companies Limited by Shares(I) A company which has only one person as a member.
(B) Companies Limited by Guarantee(II) There is no limit on the liability of its members.
(C) Unlimited Companies(III) The liability of its members is limited to the amount they undertake to contribute in the event of the company being wound up.
(D) One Person Company(IV) The liability of its members is limited to the extent of the nominal value of shares held by them.

Choose the correct answer from the options given below:

2026: 6 June Shift 1

Arrange the following in the sequence when shares are issued for consideration other than cash in the books of purchaser:

(A) Shares capital is credited for shares issued to vendor

(B) Assets aquired are debited

(C) Vendor's Account credited with purchase price

(D) Vendor's Account debited with issue of shares

Choose the correct answer from the options given below:

2026: 12 May Shift 1

If the company fails to receive the minimum subscription within the stipulated time period, the company cannot proceed for the allotment of shares and application money should be returned within how many days of the date of issue of prospectus?

2026: 29 May Shift 1

Which of the following types of issue of shares is allowed to a company?

(A) Issue of shares of Face Value Rs. 10 at Rs. 11 by Initial Public Offer

(B) Issue of shares of Face Value Rs. 10 at Rs. 10 by Initial Public Offer

(C) Issue of shares of Face Value Rs. 10 at Rs. 9 by Initial Public Offer

(D) Issue of shares of Face Value Rs. 10 at Rs. 9 to its employees

Choose the correct answer from the options given below:

2025: 27 May Shift 2

Which of the following statements are correct in relation to the issue of share capital for public subscription?

(A) The application money should be at least 5% of the face value of the share.

(B) Calls are to be made as per the provisions of the articles of association.

(C) Where there is no articles of association of its own, the provisions of Table A will apply.

(D) Calls need not be made on a uniform basis on all shares within the same class.

Choose the correct answer from the options given below:

2026: 23 May Shift 2

Choose the correct order regarding issue of shares process.

A. Receipt of Applications

B. Issue of Prospectus

C. Allotment of Shares

D. Forfeiture of share

Choose the correct answer from the options given below:

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