O-LevelAccountingThe fundamentals of accounting7707/11 · May/June 2025 · Q221 Mark

What is an advantage to a sole trader of forming a partnership?

ADecisions are always acted on immediately.

BDecisions are taken by the directors.

CPartners share profits and losses.

DPartners share the responsibilities.

✓ Correct answer

D: Partners share the responsibilities.

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Topic: The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2025 Paper 1 Variant 1, question 22.

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