Home › UP Board Class 12 › accountancy › Accounting for Share Capital › The liability of the shareholders of a company l…
The liability of the shareholders of a company limited by shares is limited to:
Athe unpaid amount on their shares
Bthe company's total debts
Can unlimited amount
Dtheir personal assets
Answer & Solution
Correct answer: A. the unpaid amount on their shares
In a company limited by shares, liability is limited to the unpaid amount on shares.
Related questions
If applications received exceed the number of shares offered, the issue is said to be:Holders of equity shares are regarded as the ___ of the company:A debenture represents a:Cancelling the shares of a member who fails to pay the call money is known as:When a share of face value ₹10 is issued for ₹13, the extra ₹3 is the:When a share of face value ₹10 is issued for ₹10, it is said to be issued:Shares that get dividend only after preference shareholders and carry voting rights are:Shares that carry a preferential right to dividend at a fixed rate are called: