Explain the characteristics of partnership
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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.
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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.❤️
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