Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Accounting for Shares

Question:

Choose the wrong statements about company-

(A) A company is an artificial person.
(B) The company's shares are generally transferable.
(C) Shareholders of a company are liable for the acts of the company
(D) Every member of a company is entitled to take part in its management.

Choose the correct answer from the options given below.

Options:

(B) and (D) only

(A), (B) and (D) only

(B), (C) and (D) only

(C) and (D) only

Correct Answer:

(C) and (D) only

Explanation:

The correct answer is Option (4) → (C) and (D) only