Accountancy, asked by samairaAnsari, 11 months ago

what is a company? give 5 characteristics of company

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Answered by BrainlyHeroSumit
10

Answer:

A company is a voluntary association of two or more persons. A single person cannot constitute a company. At least two persons must join hands to form a private company. While a minimum of seven persons are required to form a public company. The maximum membership of a private company is restricted to fifty, whereas, no upper limit has been laid down for public companies.

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