O-LevelAccountingThe fundamentals of accounting7707/12 · May/June 2022 · Q201 Mark
Which statements are correct? 1 A debenture holder of a limited company is liable for the debts of the company. 2 A partner is liable to pay business debts from personal assets. 3 A shareholder of a limited company is responsible for the company's debts. 4 A sole trader is responsible for all the debts of his business.
A1 and 2
B1 and 3
C2 and 4
D3 and 4
✓ Correct answer
C: 2 and 4
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