WAEC - Accounts Principles Of Accounts (2023 - No. 28)

A partnership is formed by
two or more individuals
only one person
two individuals only
two or more companies

Explanation

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".

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