Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 12 - No. 39)
What does the text say is the role of the 'Memorandum and Articles of Association' of a Limited Company?
To outline the rules and regulations governing the company.
To list the shareholders.
To provide financial statements.
To determine the company's tax obligations.
Explanation
The Memorandum and Articles of Association outlines the objectives, rules and regulations of the company.
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