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JAMB Principles of Accounts 1994 Question 41

Question 41

Company Accounts

The document setting out the regulations regarding shares, meetings and internal organization of a company is known as

  1. A.memorandum of association
  2. B.articles of association
  3. C.prospectus
  4. D.company law.
Show the answer and explanation

Answer: B (articles of association)

Explanation

The articles of association are the internal rules of a company: shares, meetings, directors and so on.