WAEC Accounting 2020 Objective — Question 48
Question 48 of 50 from the West African Examinations Council (WAEC) Accounting 2020 Objective paper, with the correct answer and a full explanation.
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The document which contains the internal regulations of a limited liability company is the
- A. Certificate of Incorporation
- B. Prospectus
- C. Article of AssociationCorrect
- D. Memorandum of Association
Explanation
Article of Association is the document which specifies the interaction within the organization, meanwhile memorandum of association is the document that specifies the interaction of the organization with outsiders.
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