Multiple Choice Questions on Liability of a shareholder is limited to hellip hellip hellip hellip hellip hellip hellip of the sha........... for UPSC EPFO Exam Preparation

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Multiple Choice Questions

Liability of a shareholder is limited to hellip hellip hellip hellip hellip hellip hellip of the sha...........

General Accounting Principles Accounting for Shares
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    Liability of a shareholder is limited to ………………… of the shares allotted to him :

    Paid up Value

    Incorrect Answer

    Called up value

    Incorrect Answer

    Face value

    Correct Answer

    Reserve Price

    Incorrect Answer
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    Explanation:

    The liability of the members of the company is limited to contribution to the assets of the company upto the nominal(face) value of shares held by him.

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