CUET Accountancy - A company can accept calls in advance, if authorised by: | PYQs + Solutions

CUET Accountancy

Company Accounts

Easy

Shareholders

Board of Directors

Articles of Association

Memorandum of Association

✅ Correct Option: 3

Related questions:

31 May Shift 1

Match List-I with List-II

List-I	List-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:

15 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Calls in Advance A/c Dr. To Particular Call A/c	(I) For Interest due on Calls in Advance
(B) Interest on Calls in Advance A/c Dr. To Sundry Shareholder's A/c	(II) For Interest Paid on Calls in Advance
(C) Sundry Shareholder's A/c Dr. To Bank A/c	(III) Calls in advance adjusted with the call money due
(D) Bank A/c Dr. To Calls in Arrears A/c To Interest on Calls in Arrears A/c	(IV) Calls in arrears received with interest

Choose the correct answer from the options given below:

22 May Shift 2

There must be an interval of how many months between the making of two calls unless otherwise provided by the articles of association of the company.

CUET Accountancy PYQs