Accounting Skills Assessment Practice Questions 2023 - Part 10
1. Which of these characteristics does not apply to partnership?
A) Unlimited liabilities
B) Unlimited life
C) Mutual agency
D) Single taxation
2. Organizations which combine the limited liability advantage of a partnership are called as?
A) S Type
B) PC
C) LLP
D) None
3. All of the form of business organizations except?
A) Partnership
B) Unlimited Liabilities Companies
C) LLP
D) S type
4. Company with single taxation is called?
A) S-Type
B) LLP
C) Joint Stock Company
D) PC
5. Which of the following business has the burden of unlimited liability?
A) Sole-proprietorship
B) Single member company
C) Public limited company
D) Private limited company
A) Unlimited liabilities
B) Unlimited life
C) Mutual agency
D) Single taxation
2. Organizations which combine the limited liability advantage of a partnership are called as?
A) S Type
B) PC
C) LLP
D) None
3. All of the form of business organizations except?
A) Partnership
B) Unlimited Liabilities Companies
C) LLP
D) S type
4. Company with single taxation is called?
A) S-Type
B) LLP
C) Joint Stock Company
D) PC
5. Which of the following business has the burden of unlimited liability?
A) Sole-proprietorship
B) Single member company
C) Public limited company
D) Private limited company
1. Right Answer: B
Explanation:
2. Right Answer: C
Explanation:
3. Right Answer: B
Explanation:
4. Right Answer: A
Explanation:
5. Right Answer: A
Explanation:
Explanation:
2. Right Answer: C
Explanation:
3. Right Answer: B
Explanation:
4. Right Answer: A
Explanation:
5. Right Answer: A
Explanation:
Comments
0
CA Foundation Business Economics Questions 2023 - Part 32
03 Mar 2023
CA Foundation Business Economics Questions 2023 - Part 31
03 Mar 2023
CA Foundation Business Economics Questions 2023 - Part 30
03 Mar 2023
CA Foundation Business Economics Questions 2023 - Part 29
03 Mar 2023
CA Foundation Business Economics Questions 2023 - Part 28
03 Mar 2023
