Company as a legal entity means that it
must always have a company lawyer
can sue and be sued
must settle disputes among shareholders in court
should prepare accounts approved by a lawyer
Correct answer is B
No explanation has been provided for this answer.
Net profit of a sole proprietor is transferred to the
Profit and loss account
Profit and loss appropriation account
Capital account
Drawings account
Correct answer is C
No explanation has been provided for this answer.