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Define partnership. - Accountancy

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प्रश्न

Define partnership.

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उत्तर

According to Section 4 of the Indian Partnership Act, 1932, the partnership is defined as, “the relation between person who has agreed to share the profits of a business carried on by all or any of them acting for all.″

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Meaning, Definition and Features of Partnership
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अध्याय 3: Accounts of partnership firms–fundamentals - Very short answer questions [पृष्ठ १११]

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सामाचीर कलवी Accountancy [English] Class 12 TN Board
अध्याय 3 Accounts of partnership firms–fundamentals
Very short answer questions | Q II 1. | पृष्ठ १११
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