Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 22 - No. 48)
Which of the following best describes the purpose of a company's articles of association?
To detail the company's debts and obligations.
To provide the rules for how the company will be run.
To list the names of all the company's shareholders.
To describe the company's products or services.
Explanation
The articles of association set out the company's internal regulations.
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