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Appropriation of Profits

What is the s...

Question

What is the structure of a partnership?

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Solution

An association or partnership is when at least 2 individuals work a business as co-proprietors and share profits and losses equally. Every single co-proprietor follows up for one another in the business.

Also check:

MCQs on Partnership

What Is Partnership?

Difference Between LLP and Partnership

Difference Between Sole Proprietorship and Partnership

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