CUET Accountancy - Which of the following is incorrect about the minimum subscription: Minimum subscription is the minimum amount that, in the opinion of directors, must be raised to meet the needs of business operations of the company relating to: | PYQs + Solutions

CUET Accountancy 2025 4 June Shift 2

Company Accounts

Easy

common

preliminary expenses payable by the company and any commission payable in connection with the issue of shares

working capital

personal needs of shareholders

any other expenditure required for the usual conduct of business operations.

✅ Correct Option: 3

Related questions:

22 May Shift 2

If a delay occurs beyond 8 days from the date of closure of the subscription list in refunding the amount received due to non-fulfilment of the criteria of minimum subscription, the company shall be liable to pay the amount with interest at the rate of:

3 June Shift 1

Match List-I with List-II

List–I	List–II
(A) For the amount of calls received in advance	(I) Calls in Advance A/c
To Particular Call A/c Dr.
(B) Interest on Calls in Advance is due	(II) Sundry Shareholder’s A/c
To Bank A/c Dr.
(C) The amount of ‘Calls in Advance’ is adjusted	(III) Bank A/c
To Calls in Advance A/c Dr.
(D) Interest on Calls in Advance, For Interest Paid	(IV) Interest on Calls in Advance A/c
To Sundry Shareholder’s A/c Dr.

Choose the correct answer from the options given below:

24 May Shift 1

According to Sec 2 (62) of Companies Act, 2013,the maximum amount of paidup share capital of an OPC is:

CUET Accountancy 2025 4 June Shift 2 PYQs

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