In converting a partnership into a limited liability company, the necessary accounts to be opened...
FINANCIAL
JAMB 2012
In converting a partnership into a limited liability company, the necessary accounts to be opened in the books of the company are
- A. business purchase account and ordinary share capital account
- B. Business purchase account, vendor account and ordinary share capital account
- C. business purchase account and vendor account
- D. ordinary share capital account, vendor account and unpaid share capital account
Correct Answer: B. Business purchase account, vendor account and ordinary share capital account
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