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Question
Do you agree/disagree with the following statement:
Partnership is an association of two or more persons.
Options
Agree
Disagree
MCQ
True or False
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Solution
I Agree with the given statement.
Explanation:
A partnership is an organization where there is an association of two or more persons coming together to carry on a business with a view to share the Profit or Losses of a firm.
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Chapter 1: Introduction to Partnership and Partnership Final Accounts - Exercise 1.1 (Objective Questions) [Page 53]
