Accounting 0452 · IGCSE · Limited companies

Limited companies — practice question

Which statement regarding the members of a limited company is correct?

  • ATheir liability is limited to the total of their investment in the company.
  • BTheir liability is limited to the total of their personal assets.
  • CThey are not liable for the debts of the company.
  • DThey have unlimited liability for the debts of the company.

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