1\ Following are essential elements of a partnership firm except:

a/ Partnership agreement is for some lawful business activity

b\ There is an agreement between all partners

c\ Atleast two persons

d\ Equal share of profits and losses

2\ Which of the following is NOT a disadvantage of Partnership?

a\ Possible disagreement over the direction of the business

c\ Possible disagreement over money

d\ Less profit because profit is shared Shared risk

choose the correct answer