Question on: JAMB Accounting - 2024
The coming together of two sole trading businesses to form a partnership is
A
combination
B
acquisition
C
amalgamation
D
association
Ask EduPadi AI for a detailed answer
Correct Option: C
The correct term is amalgamation. This refers to two or more businesses combining to form a new entity. Acquisition involves one business taking over another, and association is too general.
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