Get premium membership and access questions with answers, video lessons as well as revision papers.

List the features of a company

      

List the features of a company

  

Answers


Benjamin
The features of a company include:

-It has separate legal entity which is not affected by changes in its ownerships
-Can own assets and incur liabilities in its own rights
-Can sue and be sued in its own name
-Has perpetual succession-does not cease to exist upon the death of any or all of the owners
-Liability of owner/shareholders is limited to the amount paid for shares allocated
-Has the right to borrow its own account
-External audit is compulsory
-Profits are subject to company income tax





Kalis answered the question on March 23, 2018 at 07:42


Next: Briefly describe the classification of computers according to physical size
Previous:  Explain the following concepts a).Depreciationb) Amortizationc) Depletion

View More Business Studies Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions