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AS
Question Practice

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

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 is a key characteristic o...

Single Answer MCQ
Q-00082381

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

1

A single owner controls it

2

It can sue and be sued as a legal person

3

Its owners are fully liable for company debts

4

It requires no legal registration

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

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Q2.

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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.

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