In converting a partnership into a limited liability company; the necessary accounts to be opened in the books of the company are?

By: |Published on: Dec 2|Categories: Accounting JAMB| 0 comments

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:

Option B – Business purchase account, vendor account and ordinary share capital account

Users Also Read These:

SEE ALSO  Stock valuation is useful because it forms the sales department on the?

Copyright warnings! Do not copy.