CUET Accountancy - Where there is no articles of association of its own, which of the following provisions applies as per Table A. | PYQs + Solutions

CUET Accountancy 2025 15 May Shift 2

Company Accounts

Medium

A minimum of 15 days' notice is given to the shareholders to pay the amount

calls must be made on a uniform basis on all shares of all class.

A period of one month must elapse between two calls

The amount of call should not exceed 20% of the face value of the share

✅ Correct Option: 3

Related questions:

22 May Shift 1

Which of the following indicates the other name of 'Nominal Capital'?

31 May Shift 1

State which of the following combination of statements are true about the Company-

(A) A company is an artificial person.

(B) Capital reserves are created from capital profits.

(D) A company's shares are generally transferable.

Choose the correct answer from the options given below:

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

(D) Reissue of shares

Choose the correct answer from the options given below:

CUET Accountancy 2025 15 May Shift 2 PYQs

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