Difference between revisions of "Legal partnership"
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− | [[ | + | [[Legal partnership]] (or, simply, [[partnership]]) is the association of two or more persons who act as co-owners of a business. |
Revision as of 20:21, 20 December 2018
Legal partnership (or, simply, partnership) is the association of two or more persons who act as co-owners of a business.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Partnership. The association of two or more persons who act as co-owners of a business.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.