Accounting Term 1 Week 1

3 Questions | Total Attempts: 24

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Accounting Quizzes & Trivia

Questions and Answers
  • 1. 
    Jonathon Selwood is the owner of 'Flying Hours', a business wholly owed and operated by him. Jonathon also holds shares in the Commonwealth Bank. Jonathon's liability for his business Flying Hours' is:
    • A. 

      Limited

    • B. 

      Unlimited

  • 2. 
    Jonathon has been told that should Woolworths Ltd get into financial difficulty he could lose his shares and his personal assets.
    • A. 

      True

    • B. 

      False