Which of the following indicate that a partnership business is in place? (i) There is a business (ii)It is run commonly by partners (iii)It has profit-makin...

Question 1 Report

Which of the following indicate that a partnership business is in place?

(i) There is a business

(ii)It is run commonly by partners

(iii)It has profit-making in view

(iv) Partners' liability is limited

i and ii only

i, ii and iii only

i, iii and iv only

ii, iii and iv only

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