Latest Activity In Study Groups

Join Your Study Groups

VU Past Papers, MCQs and More

We non-commercial site working hard since 2009 to facilitate learning Read More. We can't keep up without your support. Donate.


Mr. Ali has invested Rs. 50,000 in Ahmad enterprise. The firm has recently declared bankruptcy and has Rs. 100,000 in unpaid debts. Explain the
nature of payments by Mr. Ali with respect to the extent of liability
(Limited or Unlimited) in each of the following situations.


  1. Ahmad enterprise is a sole proprietorship owned by Mr. Ali.
  2. Ahmad enterprise is a 50-50 partnership of Mr. Ali and Mr. Ahmad
  3. Ahmad enterprise is a private limited company
  4. Ahmad enterprise is a public  limited company

 

Your answer must be in following format

 





Question

Answer

A

Limited or Unlimited

B

Limited or Unlimited

C

Limited or Unlimited

D

Limited or Unlimited

Views: 778

Replies to This Discussion

a.
A. Unlimitted
B. Limited
C. Limited
D. Limited
would u pleas elaborate?reason i mean?
coz i think it it
unlimited
unlimited
limited
limited
yes berry i agree wid ur ans
extent of liability is applicable on companies i guess
not on individually person business ... am not sure but i agree :p
I Agree with Berry..!!
unlimited
unlimited
limited
limited

In my opinion its correct..!!
unlimited
unlimited
limited
limited
hey guys should the ans b posted in words or giveexlaination as well??
i gaved a lil bit of explanation :( in one line :p
Mr. Ali has invested Rs. 50,000 in Ahmad enterprise. The firm has recently declared bankruptcy and has Rs. 100,000 in unpaid debts. Explain the nature of payments by Mr. Ali with respect to the extent of liability (Limited or Unlimited) in each of the following situations.
a. Ahmad enterprise is a sole proprietorship owned by Mr. Ali. Unlimited
b. Ahmad enterprise is a 50-50 partnership of Mr. Ali and Mr. Ahmad Unlimited
c. Ahmad enterprise is a private limited company Limited
d. Ahmad enterprise is a public limited company Limited
Assalam-o-Alaikum
how to post answer in GDB?
thanx

RSS

Looking For Something? Search Below

VIP Member Badge & Others

How to Get This Badge at Your Profile DP

------------------------------------

Management: Admins ::: Moderators

Other Awards Badges List Moderators Group

© 2021   Created by + M.Tariq Malik.   Powered by

Promote Us  |  Report an Issue  |  Privacy Policy  |  Terms of Service