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Discuss the Advantages and Disadvantages of Partnership as a Method

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Essay

Discuss the advantages and disadvantages of partnership as a method of carrying on business compared to incorporation.


Definitions:

Discount Date

The date on which a payment is to be made earlier than its originally scheduled due date at a reduced rate.

Due Date

the specified date by which a payment, task, or project is to be completed or submitted.

Delivery Charge

A fee imposed for the service of delivering goods or services to a specified location, typically distinct from shipping charges by the directness of the service.

Purchasing Agent

An individual or entity responsible for buying goods and services for a company or organization.

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