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The document which is legal charter of a company that defines the limits of a...

Accounts - Principles of Accounts
JAMB 2023

The document which is legal charter of a company that defines the limits of a company's field of operation is known as

  • A. articles of association
  • B. equity share certificate
  • C. prospectus
  • D. memorandum of association
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Correct Answer: Option D
Explanation

The Memorandum of Association (MOA) of a company defines the constitution and the scope of powers of the company.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts