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

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Accounts - Principles of Accounts JAMB 1995

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

  • general partners the chance of enjoying the limited laibility protection
  • limited liability partners the chance of enjoying the limited liability protecction checkmark
  • Creditors the chance of enjoying the limited liabiity protection
  • debtors the chance of enjoying the limited liability protection

The correct answer is: B

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