Question

Identify the Merits of partnership
among the following:
A. Easy to form
B.
Own capital
C. Simple dissolution
D. Sharing of Business loss
1) A, B and D
2) A, B and C
3) A, C and D
4) B, C and D​

Answer 1

Answer:

A, C , D (3RD OPTION)

Explanation:

AS PARTNERSHIP FIRM IS EASY TO FORMS

AS THERE ARE TWO PARTNER FOR BOTH INVEST CAPITAL TOGETHER SO OPTION B IS WRONG

IT IS EASY TO DISSOLVE MEANS SIMPLE SOLUTION FOR EASY TO FORM

BOTH PARTNERS SHARE BUSINESS LOSS OR BUSINESS PROFIT