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Question
The people who have entered into an agreement of partnership are called ____________.
The people who have entered into an agreement of partnership are called ____________.
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Solution
The correct option is A Partners
The people who have entered into an agreement of partnership i.e. they will conduct a business together and will share the profits and losses in the fixed ratio are called partners. The agreement formed is known as Partnership deed.
The people who have entered into an agreement of partnership i.e. they will conduct a business together and will share the profits and losses in the fixed ratio are called partners. The agreement formed is known as Partnership deed.
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