Quelpr
2 marksLimited Liability Companies

CSEC Principles of Accounts · January 2017 · Paper 2 · Question 7(a)(ii)

Fern and Willis consider forming a business together.

List TWO disadvantages of creating a limited liability company rather than a partnership.

The mark scheme is shown once you've answered.

Practise this question

Other parts of this question

  1. 7(a)(i)List TWO advantages of creating a limited liability company rather than a partnership.[2 marks]
  2. 7(b)(i)Prepare F and W's Bank Account to show the balance of receipts and payments as at 1 January 2016.[5 marks]
  3. 7(b)(ii)Prepare the detailed Appropriation Account for F and W Company Limited for the year ended 31 December 2016, showing all working clearly.[9 marks]
  4. 7(b)(iii)List FOUR items which will appear in the Capital section of F and W's Statement of Financial Position as at 31 December 2016.[2 marks]

More practice: the rest of this paper · more Limited Liability Companies questions · all CSEC Principles of Accounts past papers