passwella.
Menu

WAEC Financial Accounting 2026 Question 38

Question 38

Company Accounts

One of the contents of memorandum of association is

  1. A.rights of the shareholders
  2. B.details of the directors
  3. C.remuneration of the auditors
  4. D.liability clause of the company
Show the answer and explanation

Answer: D (liability clause of the company)

Explanation

The memorandum states the company's name, objects, registered office, capital and the liability clause; the others belong in the articles.