WAEC Accounting 2013 Objective — Question 42
Question 42 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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Which of the following relates to the essence of partnership?
- A. To run a charity organization
- B. pursue a Social objective
- C. form a business for profitCorrect
- D. run a religious objective
Explanation
A partnership business is run with the aim of making profit. In fact, this is one of the reasons behind coming together of two or more persons to carry on a single business together.
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