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JAMB Principles of Accounts 2008 Question 42

Question 42

Company Accounts

Given:
I. Ascertainment of the particulars of the proposed company
II. Preparation of the incorporation documents
III. Filling of the documents
IV. Registration of the company
From the information above, the stages involved in the formation of a company are

  1. A.I, II and III
  2. B.I, II, III and IV
  3. C.I, II and IV
  4. D.II, III and IV
Show the answer and explanation

Answer: D (II, III and IV)

Explanation

Forming a company involves preparing the documents, filing them with the Registrar and registration of the company.