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WAEC Accounting 2013 Objective — Question 24

Question 24 of 50 from the West African Examinations Council (WAEC) Accounting 2013 Objective paper, with the correct answer and a full explanation.

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The minimum number of persons required to form a partnership business is

  • A. 2Correct
  • B. 3
  • C. 5
  • D. 10

Explanation

The minimum number of people that can form the partnership business is 2 while seven persons are required for public limited liability companies.

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