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The word limited written after the name of a company means that the.

Book Keeping
WAEC 2024

The word limited written after the name of a company means that the.

  • A. Individual members capital is limited
  • B. Members are liable to the extent of their holdings
  • C. Total sum of the company's capital is limited
  • D. Company's activities are restricted
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Correct Answer: Option B
Explanation

The word limited at the end of the company's name indicates that the liability of members is limited to the capital contributed

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now