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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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