Business Studies, asked by preetirpgic, 1 year ago

Explain the characteristics of partnership

Answers

Answered by Anonymous

8

Explanation:

Unlimited liability: The members of a partnership have unlimited liability, i.e. they are collectively and individually liable for the firm's debts and obligations. ... Sharing of profit and loss: The main purpose of the partnership is to share profit in the agreed ratio.

Answered by DarkSoul25

2

Heya mate..

Characteristics of Partnership

Unlimited liability: The members of a partnership have unlimited liability, i.e. they are collectively and individually liable for the firm's debts and obligations. ... Sharing of profit and loss: The main purpose of the partnership is to share profit in the agreed ratio.❤️

Previous Question

Next Question

Similar questions

English, 6 months ago

Why is kindness a stronger influence than punishment? Write a few lines...

Computer Science, 6 months ago

how to install walking dead road to survival modded apk i dont know why am i asking here if it works i will makr brainliest say tx and even rate 5 stars ...

Art, 6 months ago

Which one of the following pieces of equipment can help protect your camera? Tripod Camera bag External flash All of the above...

English, 1 year ago

punctuation of sentences...

Science, 1 year ago

A short note on badminton ...

Math, 1 year ago

The cost of a pen and a notebook is 60 if the cost of a pen is 10 less than the cost of the notebook. Find their cost...

Social Sciences, 1 year ago

tax on income tax on commodities which of the two effects the rich more and which of the effects for more explain with reasons...

Math, 1 year ago

find the area of triangle whose sides are 18 cm 24 cm and 30 cm also find the length of altitude corresponding to the largest side of the triangle...