JAMB Accounting 2014 Objective — Question 45

Question 45 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2014 Objective paper, with the correct answer and a full explanation.

The details of the share capital which a company is authorized to issue is contained in the

A. Articles of Association
B. Companies and Allied Matters Act
C. Memorandum of AssociationCorrect
D. Share capital certificate

Explanation

The memorandum of association will stipulate the number of the authorized share capital and its value.

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