Sawaal
4
Q:

A business organized as a corporation 

A) Is owned by its stockholders B) Has tax advantages over a proprietorship or partnership
C) Is not a separate legal entity in most states D) Requires that stockholders be personally liable for the debts of the business

Answer:   A) Is owned by its stockholders



Explanation:

A business organized as a corporation is owned by its stockholders.

Subject: Business Awareness
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO
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On a classified balance sheet, companies usually list current assets

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Answer & Explanation Answer: A) Rs.500 cash payment to creditors is debited to creditors a/c for Rs.50 and credited to cash Rs.500.

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