WAEC Accounting 2012 Objective — Question 44
Question 44 of 50 from the West African Examinations Council (WAEC) Accounting 2012 Objective paper, with the correct answer and a full explanation.
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Which of the following is found in a Memorandum of Association?
- A. Names of directors
- B. Appointment of directors
- C. Object of the businessCorrect
- D. Payment of dividend
Explanation
Object of the business means the purpose for which the business is incorporated. Thus, this must appear in the memorandum of association.
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