CUET Accountancy - Which of the following statements are correct? (A) A company is an artificial person. (B) Company's shares are generally transferable. (C) Paid up capital can exceed called up capital. (D) The part of capital which is called up only on winding up is called reserve capital. Choose the correct answer from the options given below: | PYQs + Solutions

CUET Accountancy 2025 13 May Shift 1

Company Accounts

Medium

(A), (B) and (D) only.

(A), (B) and (C) only.

(A), (B), (C) and (D).

(B), (C) and (D) only.

✅ Correct Option: 1

Related questions:

30 May Shift 1

Match List-I with List-II

List-I	List-II
(A)The maximum amount of share capital which a company is authorized to issue is known as :	(I) Capital reserve
(B) Shares can be forfeited for:	(II) Share capital
(C) The profit on the reissue of forfeited shares is transferred to :	(III) Nominal share capital
(D) Balance of share forfeiture account is shown in the balance sheet under the item :	(IV) Non-payment of call money

Choose the correct answer from the options given below:

29 May Shift 2

In a Journal Entry of Forfeiture of Shares, Securities Premium Account may be debited, when :-

31 May Shift 1

Interest on calls in advance is provided at a rate not exceeding ........ as per "Table F":

CUET Accountancy 2025 13 May Shift 1 PYQs