ACC 211 (FINANCIAL ACCOUNTING 1) - ASSIGNMENT 1

A. What do you understand by Partnership in accordance with Partnership Act 1890?

b. Difference between Partnership and Joint Venture.

c. In absence of Partnership Deed, state the condition under section 24 of Partnership Act 1890.

d. Ajimaronu and Ajimatanraeje are into Partnership, they decide to engage 19 members into the partnership business. Advise them of their action

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