Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 25 - No. 21)

Which of the following are advantages of a partnership?

Partners can easily transfer their ownership interests

Partnerships are relatively easy to set up

Partners can bring a range of skills and ideas

Partnerships have limited liability

Explanation

Partnership are relatively easier to set up. A wide variety of skills can be used and liability is unlimited. Partners can not easily transfer their interests.

Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 25 - No. 21)

Explanation

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