Define a partnership. b) List four important matters, relevant to the accountant that may be included...

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Accounting

Define a partnership. b) List four important matters, relevantto the accountant that may be included in the partnership deed.

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Partnership A partnership is a form of business where two or more people share ownership as well as the responsibility for managing the company and the income or losses the business generates That income is paid to partners who then claim it on their personal tax returns the business is not taxed separately as corporations are on its profits or losses There are three types of partnerships General partnership Limited partnership Joint See Answer

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Define a partnership. b) List four important matters, relevant to the accountant that may be included...

70.2K

Verified Solution

Question

Accounting

Define a partnership. b) List four important matters, relevantto the accountant that may be included in the partnership deed.

Answer & Explanation Solved by verified expert

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