AIOU Solved Assignment 2 Code 438 Spring 2017


Allama Iqbal open university is a famous university of Pakistan and every year thousand of students get admission in this university. Allama Iqbal open university announces new admission 2017, assignments, Results 2017, AIOU admission advertisement 2017, fee structure, jobs, roll number slip, tutor address and more.  Candidates can get admission in this university from any city via simple enrollment procedure for any academic course or program. AIOU also conveying superior and exceptional education as compare to the Pakistan’s other leading universities. Just follow the instructions to download the AIOU admission form and apply it.

AIOU Solved Assignment code

Define partnership. Explain kinds of partners in partnership business. Answer (a): Partnership A partnership is an arrangement in which two or more individuals share the profits and liabilities of a business venture. Not every partner is necessarily involved in the management and day-to-day operations of the venture. In some jurisdictions, partnerships enjoy favorable tax treatment relative to corporations. Various arrangements are possible: all partners might share liabilities and profits equally, or some partners may have limited liability.  Kinds of Partners There are three types of partner in a firm which are given below:-1. General partners. 2. Special partners. 3. Other partners. 1. General Partners: The liability of those partners in the business which are unlimited is called General partners. There are two types. Active partners and sleeping partner and both are discussed in detail in this solved assignment.

AIOU Solved Assignment 2 Code 438 Spring 2017