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Mr. Ahmad, Mr. All and Mr. Aslm are friends. They got a good business opportunity and decided to start a business by contributing OMR 5,000

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Mr. Ahmad, Mr. All and Mr. Aslm are friends. They got a good business opportunity and decided to start a business by contributing OMR 5,000 each. They also agreed to share the profits and losses equally. The form of business is said to be O a. None of these O b. Sole Proprietorship O c. Corporation O d. Partnership Life span of accounting is split into shorter and convenient period, is followed in _accounting assumption

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