BACC1AMD Accounting For Management Decisions

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Question 2                                                                      (2 marks)

A) The transactions in Question 1 were recorded independently for each group member, ie as a sole trader. You have decided that you would like to join together in business ownership and discuss whether to form a partnership or a company. You are required to list advantages and disadvantages comparing these 2 forms of business ownership. (200 words)

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