Financial Accounting Paper 2, Nov/Dec 2010  
Questions: 1 2 3 4 5 6 7 8 9 Main
General Comments

Question 3

Differentiate between private and public companies in terms of the following features:
(a) audit of account;
(b)inspection of accounting books;
(c) commencement of business;
(d) quotation of shares;
(e) transferability of shares.


In this question, candidates did not understand the 3a and 3b while their performance in other aspects was not encouraging. The expected answers are:
Differences between private and public companies


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