passwella.
Menu

UI Post-UTME Financial Accounting 2024 (Model questions) Question 21

Question 21

Partnership Accounts

Partnership is a business owned and controlled by

  1. A.Two members
  2. B.Two to ten members
  3. C.Two to twenty persons
  4. D.Two to five persons
Show the answer and explanation

Answer: C (Two to twenty persons)

Explanation

A partnership has between 2 and 20 partners.