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CUET Accountancy 2026 PYQs12 May Shift 1. Free, no login required.

Company Accounts

past year questions, CUET Accountancy 2026 12 May Shift 1

Share Capital

past year questions, Company Accounts, CUET Accountancy 2026 12 May Shift 1

Easy

common

On the basis of liability of its members, the company cannot be classified into which of the following category:

Solution

✅ Correct Option: 3

On the basis of members' liability, companies are classified as limited by shares, limited by guarantee, or unlimited. There is no category called a company limited by debt.

Related questions:

2026: 21 May Shift 1

The credit amount on share forfeiture account relating to shares yet to be reissued :

2022: 20 July Shift 1

PQR Ltd. issued 40,000 Equity shares of Rs. 10 each at par payable Rs. 3 on application, Rs. 4 on allotment and balance on first and final call. Applications were received for 1,10,000 shares. Applications for 20,000 shares were refused and allotment was made prorata to remaining applicants. Amount received on allotment is :

2026: 6 June Shift 1

Match List-I with List-II

List-IList-II
(A) Subscribed but not fully paid up capital(I) Shown under "Other Current Liabilities" in Balance Sheet
(B) Calls in Arrears(II) Shown under "Reserves & Surplus" in Balance Sheet
(C) Calls in Advance(III) Deducted from Subscribed Capital
(D) Securities Premium(IV) Share Capital Note Disclosure

Choose the correct answer from the options given below:

2025: 15 May Shift 2

Match List-I with List-II

List-IList-II
(A) Calls in Advance A/c Dr. To Particular Call A/c(I) For Interest due on Calls in Advance
(B) Interest on Calls in Advance A/c Dr. To Sundry Shareholder's A/c(II) For Interest Paid on Calls in Advance
(C) Sundry Shareholder's A/c Dr. To Bank A/c(III) Calls in advance adjusted with the call money due
(D) Bank A/c Dr. To Calls in Arrears A/c To Interest on Calls in Arrears A/c(IV) Calls in arrears received with interest

Choose the correct answer from the options given below:

2025: 22 May Shift 1

Which of the following is not a feature of a company ?

2025: 22 May Shift 1

Gupta Ltd. issued 1,000 equity shares of Rs. 100 each as fully paid-up, to the vendor, in consideration of the purchase of plant and machinery worth Rs. 1,00,000. Which of the following entry will be recorded in the company's journal for it?

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CUET Accountancy Past Year Questions (Topic-Wise)