Answered: Critically examining why Partnership…

Critically examining why Partnership businesses with the aim of making profit fail in Ghana. You are to support your answers with relevant examples.

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter1: Introduction To Finance For Entrepreneurs

Section: Chapter Questions

Problem 13DQ

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Question

Critically examining why Partnership businesses with the aim of making profit fail in Ghana. You are to support your answers with relevant examples.

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

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