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WAEC Accounting 2023 Objective — Question 47

Question 47 of 50 from the West African Examinations Council (WAEC) Accounting 2023 Objective paper, with the correct answer and a full explanation.

A partnership is formed by

A. only one person.
B. two or more individuals.Correct
C. two or more companies.
D. two individuals.

Explanation

A partnership is a form of business ownership formed by two or more individuals.

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