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WAEC Financial Accounting 2020 Question 48

Question 48

Company Accounts

The document which contains the internal regulations of a limited liability company is the

  1. A.Certificate of Incorporation.
  2. B.Prospectus.
  3. C.Article of Association.
  4. D.Memorandum of Association.
Show the answer and explanation

Answer: C (Article of Association.)

Explanation

The articles of association set out the internal rules.