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The conversion of a partners business into a limited liability company affords the

Accounts - Principles of Accounts
JAMB 1995

The conversion of a partners business into a limited liability company affords the
  • A. general partners the chance of enjoying the limited laibility protection
  • B. limited liability partners the chance of enjoying the limited liability protecction
  • C. Creditors the chance of enjoying the limited liabiity protection
  • D. debtors the chance of enjoying the limited liability protection
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Correct Answer: Option B
Explanation
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NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts

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Project Topics and Materials, Post-UTME past questions - Download now or upload yours to get paid
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NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Project Topics and Materials, Post-UTME past questions - Download now or upload yours to get paid
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