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O-LevelAccountingThe fundamentals of accounting7707/12 · Oct/Nov 2021 · Q211 Mark

Hassin found that he needed help to run his business. He decided to take a partner rather than employ an assistant. Why did he decide to take a partner? 1 An assistant would not interfere with how the shop was run. 2 An assistant would not share risk. 3 A partner would introduce some additional capital. 4 A partner would take a share of the profit.

A1 and 3
B1 and 4
C2 and 3
D2 and 4

✓ Correct answer

C: 2 and 3

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About this question

Topic
The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2021 Paper 1 Variant 2, question 21.

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