What do you mean by a ‘Partnership firm’?

3 years ago
Principle of Management

A partnership is an association of two or more persons to carry on business and to share its profit and losses. The relation of a partnership arises from contract. The maximum number of partners is limited to 10 in the case of banking business and 20 in the case of other business.

Ex: Chand & Co.

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Susmita Sah
Susmita Sah
Jan 13, 2022
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