O-LevelAccountingThe fundamentals of accounting7707/12 · Oct/Nov 2012 · Q231 Mark
Which group contains only advantages of being in partnership?
Aadditional finance is available, profits are shared, action by one partner binds the others
Badditional finance is available, responsibilities are shared, losses are shared
Closses are shared, action by one partner binds the others, risks are shared
Dresponsibilities are shared, profits are shared, risks are shared
✓ Correct answer
B: additional finance is available, responsibilities are shared, losses are shared
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