The document which contains the internal regulations of a limited liability company is the

Assessment: WAEC SSCE - Financial Accounting - 2020 (Objective) Subject: Financial Accounting

Question 1 Report

The document which contains the internal regulations of a limited liability company is the 

Answer Details
The document which contains the internal regulations of a limited liability company is the "Articles of Association." The Articles of Association are a legal document that outlines the rules and regulations governing the internal management of a limited liability company. The document typically includes provisions relating to the company's objectives, share capital, and the rights and duties of the company's directors and shareholders. The Articles of Association are separate from the Memorandum of Association, which is another legal document that sets out the company's constitution, including its name, registered office, and objectives. While the Memorandum of Association outlines the company's external relationships with third parties, such as customers, suppliers, and lenders, the Articles of Association govern the internal relationships between the company's directors and shareholders. Therefore, the correct answer is "Article of Association."

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning