Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Accounting for Shares

Question:
On which of the following basis companies can be classified?
Options:
On basis of no. of members
On basis of the liability of members
Both of these
None of these
Correct Answer:
Both of these
Explanation:
Companies can be classified either on the basis of the liability of its members or on the basis of the number of members.