CUET Accountancy 2025 24 May Shift 1 PYQs

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

Match List-I with List-IIList-I (Capital Type)List-II (Definition/Characteristic)(A) Authorised Capital(I) Only available to creditors at the time of winding up of a company(B) Issued Capital(II) The amount of capital that a company can raise in its life-time(C) Subscribed Capital(III) Capital that is issued to the public for subscription(D) Reserve Capital(IV) May be equal to or less than issued capitalChoose the correct answer from the options given below:

Choose the correct statement in respect of the Fixed Capital Method for a Partnership Firm:

Match List-I with List-IIList-I (Revaluation Event)List-II (Journal Entry)(A) For increase in the value of an asset(I) Revaluation A/c Dr. To Asset A/c(B) For reduction in the amount of a liability(II) Revaluation A/c Dr. To Liability A/c(C) For reduction in the value of an asset(III) Asset A/c Dr. To Revaluation A/c(D) For appreciation in the amount of a liability(IV) Liability A/c Dr. To Revaluation A/cChoose the correct answer from the options given below:

Match List-I with List-IIList-I (Allotment Stage)List-II (Journal Entry)(A) For Transfer of Application Money(I) Share Application A/c Dr. To Bank A/c(B) For Money Refunded on Rejected Application(II) Bank A/c Dr. To Share Allotment A/c(C) For Amount Due on Allotment(III) Share Application A/c Dr. To Share Capital A/c(D) For Receipt of Allotment Money(IV) Share Allotment A/c Dr. To Share Capital A/cChoose the correct answer from the options given below: