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CUET Accountancy 2025 PYQs31 May Shift 1. Free, no login required.

Company Accounts

past year questions, CUET Accountancy 2025 31 May Shift 1

Share Capital

past year questions, Company Accounts, CUET Accountancy 2025 31 May Shift 1

Easy

common

Match List-I with List-II

List-IList-II
(A) Companies Limited by Shares(I) A company which has only one person as a member.
(B) Companies Limited by Guarantee(II) There is no limit on the liability of its members.
(C) Unlimited Companies(III) The liability of its members is limited to the amount they undertake to contribute in the event of the company being wound up.
(D) One Person Company(IV) The liability of its members is limited to the extent of the nominal value of shares held by them.

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 2

Looking at the definitions of each type of company:

(A) Companies Limited by Shares → These companies have members whose liability is limited to the nominal value of shares they hold. If shares are fully paid, members have no further liability. This matches with (IV).

(B) Companies Limited by Guarantee → Members of these companies don't hold shares. Instead, they guarantee to contribute a specific amount during winding up (if needed). Their liability is limited to this guaranteed amount. This matches with (III).

(C) Unlimited Companies → In such companies, members have unlimited personal liability for the company's debts. There is no cap on what they might have to pay. This matches with (II).

(D) One Person Company → As per Section 2(62) of the Companies Act, 2013, this is a company with only one person as a member. It's a special category introduced to help sole proprietors. This matches with (I).

Therefore, the correct matching is:

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

The correct answer is Option 2.

Related questions:

2023: 29 May Shift 2

Select the amount that is received from Hari's reissued shares -

2025: 4 June Shift 2

The Profit on reissue of forfeited shares is transferred to:

2025: 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.

2022: 30 Aug Shift 2

In order to raise money by issuing the shares in the market the company must get applications for at least ____.

2025: 26 May Shift 2

Rs 50,000 were received in advance for second and final call along with first call. The second and final call was due after two months from the first call. Table II provides for interest on calls in advance at the rate not exceeding _____ per annum and interest on calls in advance amounted to Rs ...........

2026: 21 May Shift 2

Company can issue its shares to public:

A. For cash

B. Either at par or at a premium

C. For consideration other than cash

D. At discount

Choose the correct answer from the options given below:

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