快速查题-ACCA英国注册会计师试题

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State the type of authority Di had to purchase the books

State the liability of Fi for the partnership's debts

Businesses in the form of sole traders are legally distinct from their owners.

True

False

Which of the following companies does not have share capital?

A public company

A company limited by guarantee

An unlimited liability company

Which of the following is a company that has its shares traded on a public stock exchange?

Unlimited company

Listed company

Public company

Private company

Which of the following is a benefit of running a business as a sole trader?

No formal procedures to set up the business

The business is highly dependant on the owner

An absence of economies of scale

Which of the following statements regarding sole traders is correct?

The business is legally distinct from the owner

All of a sole trader's profits accrue to the owner

Sole traders do not need to register for VAT

In a company limited by shares, what is the limit of a member's liability?

The amount they guaranteed to pay in the event of the company being liquidated

The amount of share capital they have purchased, including any amounts outstanding on the shares that they own

Nothing, the company is liable for its own debts

Which type of company does NOT have share capital?

An unlimited liability company

A public company

A company limited by guarantee

How much is the minimum issued share capital of a public company?

£12,500

£25,000

£50,000