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WAEC Financial Accounting 2012 Question 44

Question 44

Company Accounts

Which of the following is found in a Memorandum of Association?

  1. A.Names of directors
  2. B.Appointment of directors
  3. C.Object of the business
  4. D.Payment of dividend
Show the answer and explanation

Answer: C (Object of the business)

Explanation

The memorandum states the company's external matters, including its objects clause. Directors and dividends are dealt with in the articles.