Accountancy, asked by pranaytherock5, 6 months ago

write two charactistics of partnership

Answers

Answered by Neency

Explanation:

Characteristics of Partnership...

Membership: At least two persons are required to begin a partnership while the maximum number of members is limited to 100. ... 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...

Answered by aradhana66788

Explanation:

1.Existence of an agreement: Partnership is the outcome of an agreement between two or more persons to carry on business. ...

2.Existence of business: ...

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