A partnership is formed by
...A partnership is formed by
Two or more individuals
Only one person
Two individuals only
Two or more companies
Correct answer is A
Section 1 of the Partnership act 1890 defined partnership " as a relationship which subsists between two to twenty people carrying on a business in common with a view of profit making and the sharing exercise being confined to only members in the partnership deed".
In the absence of partnership agreement, a loan by a partner attracts interest at ...
If cheques of N40,000 were received but a cheque of N8,000 was dishonoured, the amount owed was ...
Tale LTd. has 100,000 ordinary shares of ₦1 each and 60,000 5% preference shares of ₦1 each. Bot...
In a partnership business, the net profit serves as opening figure for ...
The following transactions relate to Osei Enterprises for the year ended 31st December 2020. ...
\(\begin{array}{c|c} & N\\ \hline \text{Land and building} & 20,000\\ Stock & 5,000\\ \t...
A financial plan of action expressed in monetary terms is a/an ...