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AS
Question Practice

What does it mean for a company to have a 'separate legal entity'?

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 does it mean for a compan...

Single Answer MCQ
Q-00082393

What does it mean for a company to have a 'separate legal entity'?

1

It can issue loans to its shareholders

2

It is responsible for its own debts and obligations

3

Its members are answerable for all actions

4

It cannot own property

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

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Q4.

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