Partnership is an association of ________ or more persons. (Fill in the blank by choosing correct option)
a) two
b) seven
c) ten
d) twenty
Answers
Answered by
1
option number (a) is correct
Answered by
0
Answer:
Two
Explanation:
As per the question
Partnership is an association of Two or more persons
You and your friend have created a partnership, a voluntary association between two or more persons .
Who co-own business for profit.
NO official agreement needed , income is taxed as individual income per partner can deduct losses from taxable income
General partnership the partnership divide the profits and the management responsibilities and share unlimited personal liability for the firm' s debts
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