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WAEC Financial Accounting 2003 Question 12

Question 12

Company Accounts

Which of the following brings a company into legal existence?

  1. A.Certificate of Incorporation
  2. B.Memorandum of Association
  3. C.Articles of Association
  4. D.Company Law
Show the answer and explanation

Answer: A (Certificate of Incorporation)

Explanation

The certificate of incorporation is the company's 'birth certificate'.