GCE Accounting 2023 Objective — Question 47
Question 47 of 50 from the General Certificate of Education (GCE) Accounting 2023 Objective paper, with the correct answer and a full explanation.
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A partnership is formed by (a) only one person (b) two or more individuals (c) two or more companies (d) two individuals only
- A. only one person
- B. two or more individualsCorrect
- C. two or more companies
- D. two individuals only
Explanation
A partnership is a business structure in which two or more people agree to share the profits and losses of a business.
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