Accountancy, asked by ns9674080, 6 months ago

Which one of the following is NOT an essential feature of a partnership?
1 point
(A) There must be an agreement
(B) There must be a business
(C) The business must be carried on for profits
(D) The business must be carried on by all the partners

Answers

Answered by Akshayabeecharaju

Answer:

Please mark me as Brainliest.

Explanation:

Partnership firm is all about a mutual agreement between various persons to carry out a business.

Agreement is must for any kind of partnership since it defines all the terms and conditions to be applied. Along with it mutual agency test must be there so that the compatibility of every partner can be checked for future benefits.

It is not mandatory for any partnership to get registered since small business find it costly to register themselves. And separate legal entity is not possible with a partnership because the business and the owner are same in this case.

Answered by singhshipra5622

Answer:

there must be an agreement

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