Answer / b.narasimha rao

THE PUBLIC COMPAY START WITH 7MEMBERS AND MAXIMAM UN LIMITED

PRIVATE COMPANY START WITH MINIMAM 2 MEMBER AND MAXIMAM 50
MEMBERS

IN PUBLIC COMPANY SHARES ARE TRANSFER BETWEEN SHAREHOLDERS
FREELY BUT IN PRIVATE COMPANY SHARES TRANDFERED RESTRICTED

Professional fees of Rs.30000/- is paid to a consultant ABC & Co. please pass the necessary entry for the same

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