O-LevelAccountingThe fundamentals of accounting7707/12 · Oct/Nov 2023 · Q241 Mark

Which organisation is the most difficult to establish and has to comply with many legal formalities?

Apartnership

Bsole trader

Climited liability company

Dclub or society

✓ Correct answer

C: limited liability company

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Topic: The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2023 Paper 1 Variant 2, question 24.

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