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Forms of Business Organisation-1 — OCM STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceOCMForms of Business Organisation-12 Marks
Question
Give the meaning of Partnership firm.
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Answer

  • According to $1932$ Indian Partnership Act" Partnership is a relationship among such persons who all together or on behalf of all agree to share profit of business run by one person.

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