One of the items listed below will not be found in a company’s memorandum and article of association. Which is it?

Assessment: JAMB UTME - Principles of Accounts - 2015 Subject: Financial Accounting

Question 1 Report

One of the items listed below will not be found in a company’s memorandum and article of association. Which is it?
Answer Details
Bank signatories will not be found in a company's memorandum and articles of association. A memorandum of association and articles of association are legal documents that outline the rules and regulations of a company. They usually include information about the company's purpose, location, and powers of the directors. However, information about bank signatories, or the individuals who are authorized to sign on behalf of the company for banking transactions, is not typically included in these documents. This information is typically kept separate, as it may change over time and is not directly related to the governance of the company.

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