Which of the following are correct about a limited liabil...
Which of the following are correct about a limited liability company?
i. Members have power to bind the company
ii. Perpetual succession
iii. Certificate of incorporation
iv. Wound-up on death of a share holder
ii and iii only
i and iv only
ii and iv ony
i and iii only
Correct answer is A
No explanation has been provided for this answer.
The balance in the purchases ledger control account is ...
The sales account is written up from ...
The class of shareholders who are paid last in the event of wedding-up are ...
The value of the owner's equity is ...
The amount by which assets exceed specific liabilities is called ...
Given: ..............Rich Social Club........... Cash.........................N100,000 Loan ........
\(\begin{array} {c|c} & D \\ \hline \text{Cash in hand}& 1,440\\ \text{Cash at bank} & 2...