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Answer in One Sentence Only. What is Partnership? - Book Keeping and Accountancy

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प्रश्न

Answer in one sentence only. 
What is Partnership?

एक पंक्ति में उत्तर
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उत्तर

A partnership is an agreement between two or more persons to share profits and losses of the firm. According to Section 4 of the Indian Partnership Act, 1932, “Partnership is the relation between persons who have agreed to share profits of a business carried on by all or any one of them acting for all.

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अध्याय 1: Introduction to Partnership - Exercise 1 [पृष्ठ १३]

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मायकल वाझ Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
अध्याय 1 Introduction to Partnership
Exercise 1 | Q 1 | पृष्ठ १३
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