Discuss any five features of partnership Business
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Features of Partnership Firm – 12 Characteristics: Ownership, Mutual Trust and Confidence, Registration, Duration, Capital, No Separate Individuality and a Few Others
Two or More Persons: ...
Contract or Agreement: ...
Lawful Business: ...
Sharing of Profits and Losses: ...
Liability: ...
Ownership and Control: ...
Mutual Trust and Confidence:
Explanation:
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35
Explanation:
Features of Partnership Firm – 12 Characteristics: Ownership, Mutual Trust and Confidence, Registration, Duration, Capital, No Separate Individuality and a Few Others
- Two or More Persons: ...
- Contract or Agreement: ...
- Lawful Business: ...
- Sharing of Profits and Losses: ...
- Liability: ...
- Ownership and Control: ...
- Mutual Trust and Confidence:
- Number of Partners
- Profit Sharing
- Principal-Agent Relationship
- Joint Ownership
- Ownership and Control
- Registration
- Duration
- Capital and a Few Other
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