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Which among the following statements is NOT true

CUET UG 2025 — Accountancy Company Accounts

2025mcqmedium

Which among the following statements is NOT true

Official previous-year question

Held on 30 May 2025 · Verified 13 Jul 2026.

Options

  1. A

    Share application account is a personal account.

  2. B

    The director of a company must be a shareholder.

  3. C

    Paid up capital can exceed called up capital.

  4. D

    Capital reserves are created from capital profits.

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