WAEC Financial Accounting 2003 Question 2

Question 2

Company Accounts

The document which advertises the sale of shares of a company is a/an

  1. A.prospectus
  2. B.debenture
  3. C.statement
  4. D.invoice.
Show the answer and explanation

Answer: A (prospectus)

Explanation

A prospectus invites the public to buy a company's shares.