Question

Which of the following statements suits best to private limited company?

• A. It is owned by the government
• B. It is owned by shareholders who can sell their shares in the stock exchange
• C. It is formed for the benefit of society at large
• D. Its accounts can be kept private and it receives little coverage in the business

Answer 1

The correct option is D Its accounts can be kept private and it receives little coverage in the business

Private limited companies is a type of company which has limited liability and offers legal protection to its share holders. The accounts of this company are kept private between the members themselves and also it receives little coverage in the business.