Get premium membership and access questions with answers, video lessons as well as revision papers.
1. Private limited companies are formed by people between two and fifty while public limited companies are formed by people between seven to into infinity in numbers.
2. Private limited companies have a restriction for the transfer of shares while public limited companies have free transfer of shares.
3. Private limited companies are not allowed to advertise their shares to public while public limited companies can advertise their shares to public.
4. Private limited companies can start trading after getting the certificate of incorporation while public limited companies start after being issued with certificate of trading.
Jonmhumble answered the question on October 26, 2017 at 16:38
- What are the rights of a registered taxpayer under the VAT act?(Solved)
What are the rights of a registered taxpayer under the VAT act?
Date posted: October 25, 2017. Answers (1)
- Give reasons for differences in financial reporting.(Solved)
Give reasons for differences in financial reporting.
Date posted: October 17, 2017. Answers (1)
- Differentiate between cash basis of accounting and accrual basis of accounting.(Solved)
Differentiate between cash basis of accounting and accrual basis of accounting.
Date posted: October 17, 2017. Answers (1)
- Differentiate between note receivable and Bill receivable. (Solved)
Differentiate between note receivable and Bill receivable.
Date posted: October 17, 2017. Answers (1)
- Outline ways of improving a company profits and liquidity without setting extra funds.(Solved)
Outline ways of improving a company profits and liquidity without setting extra funds.
Date posted: October 17, 2017. Answers (1)
- What is a flexible budget? (Solved)
What is a flexible budget?
Date posted: October 17, 2017. Answers (1)
- State the assumptions of cost, volume and profit analysis.(Solved)
State the assumptions of cost, volume and profit analysis.
Date posted: October 17, 2017. Answers (1)
- Discuss how organisations in Kenya react to competition and technological advances by giving suitable examples.(Solved)
Discuss how organisations in Kenya react to competition and technological advances by giving suitable examples.
Date posted: October 13, 2017. Answers (1)
- What should be considered when accounting for a partnership dissolution? (Solved)
What should be considered when accounting for a partnership dissolution?
Date posted: October 12, 2017. Answers (1)
- State the advantages of departmental accounting.(Solved)
State the advantages of departmental accounting.
Date posted: October 12, 2017. Answers (1)
- Give the objectives of departmental accounting.(Solved)
Give the objectives of departmental accounting.
Date posted: October 12, 2017. Answers (1)
- Define the term 'incomplete records'. (Solved)
Define the term 'incomplete records'.
Date posted: October 12, 2017. Answers (1)
- Highlight the factors to consider when designing a capital reduction scheme.(Solved)
Highlight the factors to consider when designing a capital reduction scheme.
Date posted: October 12, 2017. Answers (1)
- Highlight the circumstances under which capital reduction can occur in a company.(Solved)
Highlight the circumstances under which capital reduction can occur in a company.
Date posted: October 12, 2017. Answers (1)
- What is meant by the term called up share capital? (Solved)
What is meant by the term called up share capital?
Date posted: October 12, 2017. Answers (1)
- Differentiate between preference shares and ordinary shares.(Solved)
Differentiate between preference shares and ordinary shares.
Date posted: October 12, 2017. Answers (1)
- Define the term shares.(Solved)
Define the term shares.
Date posted: October 12, 2017. Answers (1)
- Outline the procedure of stores verification.(Solved)
Outline the procedure of stores verification.
Date posted: October 12, 2017. Answers (1)
- What is the purpose of physical verification of stores. (Solved)
What is the purpose of physical verification of stores.
Date posted: October 12, 2017. Answers (1)
- State the main functions of storekeeping.(Solved)
State the main functions of store keeping.
Date posted: October 12, 2017. Answers (1)