Summary
Summary AUE1601 QUIZ 1
- Course
- Institution
Summary of 3 pages for the course AUE1601 - Legal Aspects In Accountancy at Unisa (AUE1601 QUIZ 1)
[Show more]
Seller
Follow
UniDocs
Reviews received
Content preview
1. How long does a company have to ratify a contract, that was entered into. before thecompany was incorporated? TOPIC 1
A) Within one month after the date on which the company is incorporated
B) Within two months after the date on which the company is incorporated
C) Within three months after the date on which the company is incorporated
D) Within six months after the date on which the company is incorporated
ANSWER: C
2. Which document is known as the founding document of a company? TOPIC 1
A) Articles of association
B) Memorandum of Incorporation
C) Companies Act
D) Companies Regulation
ANSWER: B
3. How long does a company have to satisfy the Commission that it should be allowed
to continue operating its business, after being issued with a notice that there is
reason to believe that the company is conducting its business recklessly? TOPIC 1
A) within 10 business days
B) within 15 business days
C) within 20 business days
D) within 21 business days
ANSWER: C
4. How long does a company have to prepare its annual financial statements after
year-end? TOPIC 2
A) 12 months
B) 6 months
C) 4 months
D) 3 months
ANSWER: B
5. In terms of section 29 and Regulation 27 which of the following statement is not
applicable with respect to the company’s financial statements? TOPIC 2
A) The financial statement should be in English
B) The financial statement should indicate whether or not the statements have been
audited/independently reviewed
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller UniDocs. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.76. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
50843 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now