The founders of a company are?

Assessment: JAMB UTME - Principles of Accounts - 2011 Subject: Financial Accounting

Question 1 Report

The founders of a company are?
Answer Details
The founders of a company are the individuals or group of individuals who initiate and establish the company. They are responsible for bringing the company into existence by taking the necessary steps, such as registering the company, drafting the memorandum and articles of association, and securing the initial capital required to start the business. These individuals are also known as the promoters of the company.
Read lesson note on Partnership Accounts (JAMB)
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