- 1 Marks
FA – Nov 2013 – L1 – SA – Q20 – Accounting Concepts
Understanding a unique feature of limited companies.
Question
What is the unique feature of limited companies?
A. The owners of the company have limited liability
B. The proprietors’ capital in a limited company consists of share capital
C. There are dividends for the company owners
D. Limited companies have access to bank loan
E. Limited companies prepare statements of profit or loss
Find Related Questions by Tags, levels, etc.
- Tags: Business Entities, Corporate Features, Limited Liability Companies
- Level: Level 1
- Topic: Accounting Concepts
- Series: NOV 2013
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