What does the abbreviation ‘Ltd’ indicate in the name of a company?
Select ONE answer:
- The amount of debentures that can be issued is limited
- The company’s capital is limited to a fixed account
- The shareholder’s liability for the company’s debts is limited
- The shareholder’s liability for the company’s debts is unlimited
- The amount of debentures that can be issued is unlimited
What is a public limited company?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This is multiple choice question is suitable for Accounting KS5 classes.
The answer is 3 – Limited mean Ltd is a suffix that follows the name of a company, indicating it is a private limited company. In a limited company, shareholders’ liability is limited to the capital they originally invested.
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