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Introduction to Partnership

Which of the ...

Question

Which of the following is a voluntary association of persons who work together to promote their economic interest?

A

Sole proprietorship

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B

Company

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C

Co-partnership

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D

Co-operative

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Solution

The correct option is D Co-operative
A Co-operative Society is an artificial voluntary association of people who work together to promote their economic interest and in order to achieve common goals.
These society are incorporated with some social motives and they often have separate legal body and common seal.

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