Question on: JAMB Accounting - 1998
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) There is a business
(ii)It is run commonly by partners
(iii)It has profit-making in view
(iv) Partners' liability is limited
A
i and ii only
B
i, ii and iii only
C
i, iii and iv only
D
ii, iii and iv only
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Correct Option: C
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