BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Partnership
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Public company
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Private company
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Sole proprietorship
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Detailed explanation-1: -A private limited company (Sendirian Berhad or Sdn Bhd) is a separate legal entity from its owners, meaning that it can buy or sell property, enter legal contracts and sue or get sued in courts.
Detailed explanation-2: -Berhad (BHD) is a suffix used in Malaysia to identify a public limited company. The suffix Sendirian Berhad (SDN BHD) identifies a private limited company. SDN BHD companies are typically small or midsized enterprises. BHD companies are the largest companies in Malaysia.
Detailed explanation-3: -Berhad Company (Berhad) or also known as Malaysian Public Limited Company is one of two types of companies limited by shares. Establishment, conduct and closure of these companies are regulated by the Companies Act 1965.
Detailed explanation-4: -(4) A private company shall have the word “Sendirian” or the abbreviation “Sdn.” as part of its name, inserted immediately before the word “Berhad” or before the abbreviation “Bhd.” or in the case of an unlimited company, at the end of its name.