An ordinary partnership business can have:
A) not more than 50 partners
B) not more than 20 partners.
C) any number of partners.
D) any number than 2 partners.
Correct Answer:
Verified
Q9: The stock reserve for unrealised profit will
Q10: _ account is prepared to adjust the
Q11: _ account shows the shortage or surplus
Q12: The profit included in surplus or shortage
Q13: The balance of branch adjustment account is
Q15: In the absence of an agreement profit
Q16: In the absence of an agreement, Interest
Q17: Current accounts of the partners should be
Q18: Investment in partnership is made by introducing:
A)cash
B)none
Q19: Any partner who investments in the business
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