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
