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WAEC Commerce 1997 Question 11

Question 11

Business Finance

Which of the following is not a source of capital to a partnership?

  1. A.Buying on credit
  2. B.Ploughed back profit
  3. C.Borrowing
  4. D.Shares
  5. E.Personal savings
Show the answer and explanation

Answer: D (Shares)

Explanation

A partnership cannot sell shares to the public; only companies issue shares.