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

The correct answer is B. Business purchase account, vendor account and ordinary share capital account

No explanation given
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