Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 19 - No. 28)

What are the key advantages of a partnership?

Relatively easy to set up

Can bring new skills and ideas to the business

Partners share the roles of management

Partners have limited liability

Explanation

Partnerships are easy to set up, have the advantages of different partners bringing skills and ideas and different partners can share the roles of management. Partnerships also have unlimited liability.

Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 19 - No. 28)

Explanation

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