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

CUET Accountancy 2025 24 May Shift 1

Company Accounts

Medium

common

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

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

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

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

✅ Correct Option: 2

Related questions:

3 June Shift 2

Match List-I with List-II

List-I	List-II
(A) Calls in Arrears	(I) This is the case when applications for more shares of a company are received than the number offered to the public for subscription.
(B) Calls in Advance	(II) This is a situation where the number of shares applied for is less than the number for which applications have been invited for subscription.
(C) Over Subscription	(III) The amount due that shareholders fail to pay on allotment or on any of the calls.
(D) Under Subscription	(IV) The amount sometimes received from the shareholders as a part or the whole of the amount of the calls not yet made.

Choose the correct answer from the options given below:

CUET Accountancy 2024 Slot 1

Match List-I with List-II

24 May Shift 1

Identify the steps of the procedure of share issue:

(A) Allotment of Shares

(B) Receipt of Applications

(D) Share Call

Choose the correct answer from the options given below:

CUET Accountancy 2025 24 May Shift 1 PYQs