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Treating Manager as Partner

The members o...

Question

The members of a partnership firm are collectively called _______.

A

Firm

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B

Partners

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C

Directors

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D

Types of partners

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Solution

The correct option is A Firm
A partnership is defined as the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. Individually, member of partnership firm called as partners and collectively firm.

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