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

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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

  • business purchase account and ordinary share capital account
  • Business purchase account, vendor account and ordinary share capital account checkmark
  • business purchase account and vendor account
  • ordinary share capital account, vendor account and unpaid share capital account

The correct answer is: B

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