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easyMCQCUET Accountancy 2025 22 May Shift 12026Accountancy
1 mark

Which of the following is not a feature of a company?

  1. A
    Separate legal entity
  2. B
    Common seal
  3. C
    Limited Liability
  4. D
    Unlimited Liability

Solution & Step-by-step Explanation

A primary feature of corporate business structures (companies) is that members have Limited Liability up to the unpaid balance of their shares. Unlimited Liability is a hallmark trait of sole proprietorships or standard partnerships, not corporate bodies.

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Which of the following is not a feature of a company?
A
Separate legal entity
B
Common seal
C
Limited Liability
D
Unlimited Liability

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