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In Converting A Partnership Into A Limited Liability Company; The Necessary Accounts To Be Opened In The Books Of The Company Are? - Erudites Academy

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

by | Dec 2 | 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

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