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What is partnership?What are its characteristics ? EXPLAIN (5 MARKS).
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Hi Guys!! ANSWER THIS QUESTION .
What is partnership?What are its characteristics ? EXPLAIN (5 MARKS).
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The term partnership is used to mean a business structure wherein two or more individuals come together for undertaking a lawful business and have agreed to share profits and losses arising from it .
Characteristics of Partnership -
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PARTNERSHIP: Is a business where more than one individual engages in business pooling money and other resources while sharing profits and liabilities in percentages agreed.
CHARACTERISTICS:
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