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NECO Accounting 2007 Objective — Question 59

Question 59 of 60 from the National Examinations Council (NECO) Accounting 2007 Objective paper, with the correct answer and a full explanation.

The persons responsible for setting up a company are

A. directors
B. promotersCorrect
C. shareholders

Explanation

Promoters are responsible for the formation and setting up of a company.

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