Property of the firm includes:
A. Assets acquired in the course of business with money belonging to the firm
B. Assets jointly owned by partners which are used for purpose of partnership business
C. Goodwill
D. Both (a) and (c)
Answer:D
Property of the firm includes:
A. Assets acquired in the course of business with money belonging to the firm B. Assets jointly owned by partners which are used for purpose of partnership business C. Goodwill D. Both (a) and (c)