CUET Accountancy - The balance in the securities premium account can not be used ------------? | PYQs + Solutions

CUET Accountancy 2025 27 May Shift 1

Company Accounts

Medium

common

To write-off the expenses of preliminary expenses of the company

To issue fully paid bonus shares

To pay off the purchase consideration.

To write off discount on issue of debentures.

✅ Correct Option: 3

Related questions:

27 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Separate Legal Entity	(I) A company being a legal person can enter into contracts and can enforce the contractual rights against others.
(B) Perpetual Succession	(II) It can hold and deal with any type of property, It can enter into contracts and even open a bank account in its own name.
(C) Common Seal	(III) The company being an artificial person created by law continues to exist irrespective of the changes in its membership.
(D) May Sue or be Sued:	(IV) The company being an artificial person, cannot sign its name by itself.

Choose the correct answer from the options given below:

29 May Shift 2

In case of over subscription, the directors may

(A). Accept some applications in full and reject excessive applications.

(B). They can make pro-rata allotment to all.

(C). They can adopt a combination of the above two alternatives.

(D). They can make preferential allotment to some applicants.

22 May Shift 2

Which company must have at least two members?

CUET Accountancy 2025 27 May Shift 1 PYQs