Which of the following items should not be included in the partnership agreement: a. Names and contributions
Question:
Which of the following items should not be included in the partnership agreement:
a. Names and contributions of each partner
b. Rights and duties expected to be carried out by each partner
c. Allocation of profit and losses
d. Information on the personal wealth of each partner in the partnership
PartnershipA legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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