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CUET Accountancy 2025 PYQs27 May Shift 1. Free, no login required.

Company Accounts

past year questions, CUET Accountancy 2025 27 May Shift 1

Share Capital

past year questions, Company Accounts, CUET Accountancy 2025 27 May Shift 1

Easy

common

Match List-I with List-II

List-IList-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)

Solution

✅ Correct Option: 1

Let me match each characteristic with its correct description by analyzing the key features:

For (A) Separate Legal Entity:

This characteristic means the company has its own distinct identity separate from its members. Statement (II) describes this perfectly - it mentions the company can hold property, enter contracts, and open bank accounts in its own name, which is the essence of being a separate legal entity.

Match: (A) → (II)

For (B) Perpetual Succession:

This refers to the company's continuous existence regardless of changes in membership. Statement (III) directly states "continues to exist irrespective of changes in its membership" - members may join or leave, but the company remains.

Match: (B) → (III)

For (C) Common Seal:

Since a company is an artificial person without physical form, it needs a mechanism for signing documents. Statement (IV) explains this - "being an artificial person, cannot sign its name by itself" - this is exactly why a common seal is required as the company's official signature.

Match: (C) → (IV)

For (D) May Sue or be Sued:

This means the company can take legal action and face legal action. Statement (I) describes this - a company can "enter into contracts and enforce the contractual rights against others", which includes the right to sue and be sued in courts.

Match: (D) → (I)

The correct matching is: (A)-(II), (B)-(III), (C)-(IV), (D)-(I)

Correct Option: 1

Related questions:

2025: 30 May Shift 1

Table F of the Companies Act provides for the payment of interest on calls in advance at a rate not exceeding:

2025: 15 May Shift 2

High Land India Ltd. invited applications for 50,000 Shares of Rs. 100 each per share. Applications were received for 70,000 shares and pro-rata allotment was made on the application for 50,000 shares. Rohan to whom 600 shares were allotted failed to pay the allotment money and his shares were forfeited immediately after allotment. Of the shares forfeited, 500 share were reissued as fully paid-up for Rs. 80 per share.

Order to be followed for recording entries will be

(A) Forfeiture of shares

(B) Calculation of amount received on allotment

(C) Adjustment of excess money received on application towards allotment

(D) Reissue of shares

Choose the correct answer from the options given below:

2023: 28 May Shift 1

Match List - I with List - II.

List - IList - II
(A) Authorised Capital(I) A portion of uncalled share capital will be called at the time of winding up
(B) Reserve Capital(II) Maximum amount of share capital a company could raise during its life time
(C) Issued Capital(III) Capital issued to public for subscription
(D) Subscribed but not fully paid capital(IV) Amount called up and received but not fully

Choose the correct answer from the options given below :

2023: 28 May Shift 1

Match List - I with List - II.

List - IList - II
(A) Over Subscription(I) Minimum amount that must be raised by issue of shares
(B) Minimum subscription(II) Application received is more than shares issued
(C) Under Subscription(III) Allotment of shares without issue of prospectus
(D) Private Placement(IV) Application received is less than shares issued

Choose the correct answer from the options given below :

2025: 22 May Shift 2

At the time of forfeiture, share capital account is

2025: 29 May Shift 2

Match List-I with List-II

List-IList-II
(TYPES OF COMPANY..)(CHARACTERISTICS..)
(A) unlimited company.(I) liability arises only in the event of winding up
(B) one person company(II) limits the number of members to 200.
(C) private company(III) paid up capital is not more than 50 lakhs.
(D) company limited by guarantee.(IV) creditors can claim their dues from the members.

Choose the correct answer from the options given below:

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