Question

Most partnerships take in receipts amounting to _____. more than $100,000 under $25,000 between $25,000 and $49,999 between $50,000 and $99,999

Answer 1

the answer is under $25,000

Answer 2

Answer:

Under $25000

Explanation:

Partnership type of business is the type of business that involves the pooling of resources together by up to at-least 2 persons in order to engage into various business transactions with the purpose of making profits.  

Taking in receipts by business either partnership or sole proprietorship or even a corporate entity is a good way of keeping good account of your business activities. keeping and recording sales or purchase receipts help the business to know how profitable your business is.  no matter the amount of the business a partnership engages in keeping/taking receipts is very vital no matter the amount.