Practicing Success
Which of the following is/are a feature (s) of a partnership firm? |
There must exist an agreement between partners to work together and share profits amongst them The existence of a business is an essential feature of partnerships. Principal-agency relationship. All of the above |
All of the above |
Agreement. The definition of the partnership itself makes it clear that there must exist an agreement between partners to work together and share profits amongst them. Business. The existence of a business is an essential feature of partnerships. Profit sharing. Principle-agency relationship. |