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AS
Question Practice

What are the features of a company according to the chapter Accounting for Share Capital?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - II
Accounting for Share Capital
Question Bank

What are the features of a com...

Single Answer MCQ
Q-00002960

What are the features of a company according to the chapter Accounting for Share Capital?

1

Limited liability, Perpetual succession, Separate legal entity, Common seal

2

Limited liability, Perpetual succession, Partnership, Common seal

3

Unlimited liability, Perpetual succession, Separate legal entity, Common seal

4

Limited liability, Limited life, Separate legal entity, Common seal

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Continue with nearby questions to strengthen the same chapter concept while you still have the context fresh in mind.

Q1.

Explain the different kinds of companies mentioned in the chapter.

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Q2.

What is a key characteristic of a company that distinguishes it from other forms of business?

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Q3.

Which of the following is true about the liability of shareholders in a company limited by shares?

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Q4.

What does 'perpetual succession' imply for a company?

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