Which is true about partnership ?

A. It will be dissolved if one of the partners ceases to be connected with the partnership

B. Its capitalization must be equal for each partner

C. It has a perpetual life

D. It can be handed down from one generation of partners to another

Found an error? Read our corrections policy and report it in the comments below.

Be the first to comment if anything wrong with this mcq
Your comment successfully submitted!
It will automatically posted after review and approval by our staff member.