JAMB Accounting 2008 Objective — Question 42

Question 42 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2008 Objective paper, with the correct answer and a full explanation.

Given: I. Ascertainment of the particulars of the proposed company II. preparation of the incorporation III. Filling of the documents IV. Registration of the company. From the information above, the stages involved in the formation of a company are

A. I, II and III
B. I, II, III and IVCorrect
C. I, II and IV
D. II, III and IV

Explanation

In formation of a company, the founder shareholders will prepare all the necessary documents needed and file it with the corporate Affairs Commission (CAC) who then register the company. All four stages are involved.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Accounting 2008 Objective More Accounting past papers