P2 Question 1

1 (a)Identify and explain one advantage and one disadvantage of GS being a partnership. Explain 2 advantages separately. each advantage carries 4 marks (b)Consider the advantages and disadvantages of the following three sources of finance for the new equipment. Recommend the best source for GS to choose. Justify your answer.Bank loan: ................................................................................................................................. ...................................................................................................................................................Lease: ....................................................................................................................................... ...................................................................................................................................................Retained profit: ......................................................................................................................... ................................................................................................................................................... ..Recommendation: .................................................................................................................... ................................................................................................................................................... follow this format when you answer. each part carries 3 marks.