3.Study of Accounting procedure of Partnerships Organisation. – InterviewSolution

1.	3.Study of Accounting procedure of Partnerships Organisation.
Answer» When two or more individuals engage in enterprise as co-owners, the organization is known as apartnership. This form of organization is popular among personal service enterprises, as well as in the legal andpublic accountingprofessions. The important features of and accounting procedures for partnerships are discussed and illustrated below.

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