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

  • 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

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment