Indicate which of these characteristics apply to the following types of business: (a) The entity is an
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Indicate which of these characteristics apply to the following types of business:
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(a) The entity is an unincorporated business (b) There is no maximum number of owners (c) There are no formalities involved when starting the business (d) There should be a contract of agreement (e) Accounting records must be kept Sole proprietorship Partnership
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