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In converting a partnership into a limited liability company, the necessary accounts to be opened...

Accounts - Principles of Accounts
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
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Correct Answer: Option B
Explanation
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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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Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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