CUET Accountancy 2025 26 May Shift 2 PYQs

Match List-I with List-II:List-IList-II(A) Restricts the right to transfer its shares(I) OPC(B) A company which is a subsidiary of a public company(II) Private Company(C) A company which has only one person as a member(III) Perpetual Succession(D) Members may come and go but the company continues(IV) Public CompanyChoose the correct answer from the options given below:

Under the fixed capital method, the capital of the partners shall remain fixed unless additional capital is introduced or a part of the capital is withdrawn as per the agreement between the partners. Which among the following is NOT a feature of the fixed capital method?

Partners' current accounts are transferred to respective Partners' ______ Accounts at the time of dissolution of a firm.

Match List-I with List-II:List-IList-II(A) Calls in Arrears(I) Sometimes shareholders pay a part or the whole of the amount of the calls not yet made.(B) Calls in Advance(II) When any shareholder fails to pay the amount due on allotment or on any of the calls(C) Over Subscription(III) When number of shares applied for is less than the number for which applications have been invited for subscription(D) Under Subscription(IV) When applications for more shares of a company are received than the number offered to the public for subscriptionChoose the correct answer from the options given below:

Identify the false statements with regard to a company:(A) A company is an artificial person.(B) Company's shares are generally transferable.(C) Every member of a company is entitled to take part in its management.(D) The director of a company is always a shareholder.Choose the correct option: