A. Profit-sharing ratio
B. Interest on capital
C. Interest on fixed asset
D. Purpose of partnership
Correct Answer: Option D
D. Purpose of partnership
Explanation
Although each partnership agreement differs based on business objectives, certain terms should be detailed in the document, including the percentage of ownership, division of profit and loss, length of the partnership, decision making and resolving disputes, partner authority, and withdrawal or death of a partner.
Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…
Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…
Sociology is the scientific study of human society, culture, and behavior. It examines the social…
Social Work is a profession dedicated to helping individuals, families, and communities to cope with…
Religious studies is an academic discipline that explores the beliefs, practices, and history of various…
Public administration is the field of study and practice that focuses on the organization and…