Accountancy, asked by kcmanivannan0906, 5 months ago

what are similarities between sole proprietorship and partnership ​

Answers

Answered by pawarsanika0111
0

Answer:

Unlimited liability

Explanation:

Sole proprietor has unlimited liability there is no distinction between personal property and business property of the sole trader

In partnership firm all partners are separatly liable for debts of the firm

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