Explain three characteristics that distinguish a proprietary company from a partnership.

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Accounting Business Reporting For Decision Making

ISBN: 9780730302414

4th Edition

Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver

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Question Posted: Mar 21, 2016 02:09 AM

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Explain three characteristics that distinguish a proprietary company from a partnership.

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1 The main difference between a company and a partnership is that a company is a separate legal entity at law and a partnership is not Separate legal status means that a company is recognised legally ...View the full answer

Accounting Business Reporting For Decision Making

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