CUET Accountancy - Which among the following statements is NOT true | PYQs + Solutions

CUET Accountancy 2025 30 May Shift 1

Accountancy

Medium

common

Share application account is a personal account.

The director of a company must be a shareholder.

Paid up capital can exceed called up capital.

Capital reserves are created from capital profits.

✅ Correct Option: 2,3

CUET Accountancy 2025 30 May Shift 1 PYQs