Question on: JAMB Accounting - 2023
The document which is legal charter of a company that defines the limits of a company\'s field of operation is known as
A
articles of association
B
equity share certificate
C
prospectus
D
memorandum of association
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Correct Option: D
The memorandum of association is a legal document that serves as the charter or constitution of a company. It defines the company's scope of operations, its objectives, and the limits within which it can operate. It is a fundamental document required for the incorporation of a company and outlines the company's relationship with its shareholders and stakeholders.
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