CUET Accountancy - Which of the following is not the characteristics of company- | PYQs + Solutions

CUET Accountancy 2025 13 May Shift 1

Company Accounts

Easy

Separate legal entity

Common Seal

Unlimited liability

perpetual succession

✅ Correct Option: 3

Related questions:

13 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Reserve Capital	(I) That portion of the subscribed capital which has not yet been called up.
(B) Uncalled Capital	(II) It is that part of the issued capital which has been actually subscribed by the public.
(C) Paid up Capital	(III) A company may reserve a portion of its uncalled capital to be called only in the event of winding up of the company.
(D) Subscribed Capital	(IV) It is that portion of the called up capital which has been actually received from the shareholders.

Choose the correct answer from the options given below:

27 May Shift 1

The director of Poly Plastic Limited resolved that 200 equity shares of Rs.100 each be forfeited for non-payment of the second and final call of Rs.30 per share. Out of these, 150 shares were re-issued at Rs.60 per share to Mohit. Profit on reissue of forfeited shares transferred to capital reserve. Amount credited to capital reserve account is-

22 May Shift 1

Which of the following company, by its articles, restricts the right to transfer its shares ?

CUET Accountancy 2025 13 May Shift 1 PYQs

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