To enquire into the profile of five partnerships firms.

1.	To enquire into the profile of five partnerships firms.
Answer» In order to inquire about a partnership firm, you will need to look out at certain factors: 1.Agreement: A clear understanding of the contract of partnership with the firm is necessary. 2.Nature of agreement: to verify what type of TRADING or business will be held during agreement. 3.Ownership and control: recognizing the identity and authentication of company. 4.Duration of contract: how long the partnership will stay active. 5.Division of PROFITS: recognizing the AMOUNT to be equally distributed among partners

Answer»

In order to inquire about a partnership firm, you will need to look out at certain factors:

1.Agreement:

A clear understanding of the contract of partnership with the firm is necessary.

2.Nature of agreement: to verify what type of TRADING or business will be held during agreement.

3.Ownership and control: recognizing the identity and authentication of company.

4.Duration of contract: how long the partnership will stay active.

5.Division of PROFITS: recognizing the AMOUNT to be equally distributed among partners

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