CUET Accountancy - 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: 1. (A) - (II), (B) - (III), (C) - (IV), (D) - (I) 2. (A) - (II), (B) - (III), (C) - (I), (D) - (IV) 3. (A) - (II), (B) - (I), (C) - (IV), (D) - (III) 4. (A) - (III), (B) - (IV), (C) - (I), (D) - (II) | PYQs + Solutions

CUET Accountancy 2025 27 May Shift 1

Company Accounts

Easy

common

(A) - (II), (B) - (III), (C) - (IV), (D) - (I)

(A) - (II), (B) - (III), (C) - (I), (D) - (IV)

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

✅ Correct Option: 1

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The balance in the securities premium account can not be used ------------?

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Match List-I with List-II

List–I	List–II
(A) Authorized capital	(I) Mentioned in Prospectus.
(B) Issued capital.	(II) Mentioned in Memorandum of Association.
(C) Subscribed capital.	(III) called up capital–calls in arrears.
(D) Paid up capital.	(IV) Capital for which application is received.

Choose the correct answer from the options given below:

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Which section of the Company's Act defines/describes Equity and Preference Shares?

CUET Accountancy 2025 27 May Shift 1 PYQs