O-LevelAccountingThe fundamentals of accounting7707/11 · Oct/Nov 2018 · Q191 Mark
X and Y are sole traders. They decided to form a partnership. Which group contains only disadvantages of forming a partnership?
Adisagreements may occur between the partners, profits are shared
Bdisagreements may occur between the partners, risks are shared
Closses are shared, responsibilities are shared
Dprofits are shared, risks are shared
✓ Correct answer
A: disagreements may occur between the partners, profits are shared
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