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Cambridge IGCSE Accounting practice

What does limited liability mean for shareholders?

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At a glance

MCQ

Type

cambridge_mcq

Style

Topic

Limited companies

Exam-style question

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What does limited liability mean for shareholders?.

  1. A.They can lose personal assets
  2. B.They are not responsible for company debts
  3. C.They must pay all company debts
  4. D.They have unlimited financial risk

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Paper 2 structured question: Limited companies

Paper 2Structured Written Paper2 marks

Description

Capital Structure of a Limited Company

The company has issued shares and retained earnings as part of its capital structure.

  1. a

    Calculate the total equity of the company.

    Aim for approximately 2 distinct marking points.

    [2]