CUET Accountancy 2025 14 May Shift 2 PYQs

Identify the sequence of journal entries with regard to transfer of shares application money and allotment of shares:

(A) Share Allotment A/c Dr.

To Share Capital A/c

(B) Share Application A/c Dr.

To Share Capital A/c

(C) Bank A/c Dr.

To Share Allotment A/c

(D) Share Application A/c Dr.

To Bank A/c

Choose the correct answer from the options given below:

When a company does not have its own articles of association, provisions of which table will apply:

It is available only for the creditors on winding up of the company.