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QUESTION 2 (CLO 3) There are various ways a person can enter into business, among them is a partnership. You are required to research the

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QUESTION 2 (CLO 3) There are various ways a person can enter into business, among them is a partnership. You are required to research the various sub-topics related to a partnership. Among them are: 1. Definition of a partnership; 2. The format used to arrive at the divisible income of a partnership: 3. Treatment of partnership losses; 4. Treatment of capital allowance of a partnership; 5. Others relevant aspects related to a partnership. Use example(s) which can demonstrate your understanding of the various sub-topics. (30 marks)

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