Question on: WAEC Accounting - 2013
Which of the following relates to the essence of partnership? To
A
run a charity organization
B
pursue a social objective
C
form a business for profit
D
run a religious objective
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Correct Option: C
The purpose of partnership agreement (or partnership contract) is to establish a business enterprise through a legally binding contract between two or more individuals or other legal entities for profitability.
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