An advantage of a partnership includes which of the following? Group of answer choices Greater financial strength Does not pay taxes Shares liability among the partners All of the above
An advantage of a partnership includes which of the following? Group of answer choices Greater financial strength Does not pay taxes Shares liability among the partners All of the above
An advantage of a partnership includes which of the following? Group of answer choices Greater financial strength Does not pay taxes Shares liability among the partners All of the above
An advantage of a partnership includes which of the following?
Group of answer choices
Greater financial strength
Does not pay taxes
Shares liability among the partners
All of the above
Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.
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Partnership refers to an agreement where two or more people come together for a common goal. The profit should be distributed among the partner on the basis of the partnership deed.
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