A-LevelAccountingPreparation of financial statements9706/12 · May/June 2025 · Q11 Mark
Ahmed and Betty are in partnership. They plan to convert the business from a partnership to a limited company. Ahmed and Betty will be shareholders. What is the benefit to Ahmed and Betty as shareholders?
ADisputes between them will be resolved in the annual general meeting.
BTheir personal assets are protected.
CTheir personal finances are not separate from those of the company.
DThe value of their shares will increase.
✓ Correct answer
B: Their personal assets are protected.
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