CUET Accountancy 2025 3 June Shift 2 PYQs

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

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

Match List-I with List-II:List-IList-II(A) Companies Limited by Shares(I) When the company's property is not sufficient to pay off its debts, the private property of its members can be used for the purpose.(B) Companies Limited by Guarantee(II) Restricts the right to transfer its shares(C) Unlimited Companies(III) If a member has paid the full amount of the shares, there is no liability on his part whatsoever for the debts of the company.(D) Private Company(IV) The liability of its members is limited to the amount they undertake to contribute in the event of the company being wound up.Choose the correct answer from the options given below:

The following are the features of the Dissolution of Partnership:(A) Assets and liabilities are revalued, and a new balance sheet is drawn.(B) Economic relationships between partners continue, though in a changed form.(C) The business is not terminated.(D) The books of account are closed.Choose the correct answer from the options given below:

Which among the following is NOT true?