Commerce SSS1 Third Term
The student should be able to:
1. Define partnership.
2. Describe the types of partnership.
3. Give examples of partnership.
4. Identify the sources of capital of the partnership.
Definition of Partnership
A partnership may be defined as a type of business organisation in which two to twenty persons agree legally to set up and manage a business outfit with the sole aim of making a profit.
The partnership is usually formed by an association of two to twenty persons, who by an agreement (usually legal) decide.... View More
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