WAEC Book Keeping 2024 Objective — Question 33
Question 33 of 40 from the West African Examinations Council (WAEC) Book Keeping 2024 Objective paper, with the correct answer and a full explanation.
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33. The word Limited written after the name of a company means that the A.
- A. individual member's capital is limited.
- B. members are liable to the extent of their holdings.Correct
- C. total sum of the company's capital is limited.
- D. company's activities are restricted.
Explanation
The word Limited at the end of a company's name indicates that the liability of members is limited to the capital contributed.
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