Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 12 - No. 20)
Which of the following are advantages of having more partners?
More capital
Skills and ideas can be brought
Can solve the problem
Partners share responsibilities and duties
Explanation
Partnerships often benefit from an increased ability to raise capital and a broader range of skills among the partners, helping to mitigate the challenges of business ownership through shared responsibility.
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