Question

Amongst all the form of business organisation , how partnership is different from others and has effective attributes . Explain the attributes of partnerships​

Answer 1

Answer:

Features of partnership form of organisation are discussed as below:

Two or More Persons: ...

Contract or Agreement: ...

Lawful Business: ...

Sharing of Profits and Losses: ...

Liability: ...

Ownership and Control: ...

Mutual Trust and Confidence: ...

Restriction on Transfer of Interest

Explanation:

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Answer 2

Answer:

Features of partnership form of organisation are discussed as below:

Two or More Persons: ...

Contract or Agreement: ...

Lawful Business: ...

Sharing of Profits and Losses: ...

Liability: ...

Ownership and Control: ...

Mutual Trust and Confidence: ...

Restriction on Transfer of Interest

Explanation:

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