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AS
Question Practice

What does 'perpetual succession' imply for a company?

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 'perpetual successio...

Single Answer MCQ
Q-00082385

What does 'perpetual succession' imply for a company?

1

The company can only exist for a limited time

2

The company continues to exist despite membership changes

3

Members must be present for the company to function

4

The company's existence is tied to the founders

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Q4.

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