Home » Past Questions » Accounts » In converting a partnership into a limited liability company, the necessary acco...

In converting a partnership into a limited liability company, the necessary acco...


Question

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

Options

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

The correct answer is B.


More Past Questions:


Discussion