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

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