1.Partnership Meaning, Definition
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1.Partnership Meaning, Definition
- 1. Based on Text Book XII By : Ajay J. Gursale M.Com.B.Ed. *
- 2. 1. INTRODUCTION TO PARTNERSHIP & PARTNERSHIP FINAL ACCOUNTS PARTNERSHIP – (MEANING) Partnership is an organisation where there is an association of two or more persons coming together to carry on a business with a view to share profit or losses of the business.
- 3. PARNERSHIP (Definition) As per Indian Partnership Act 1932 (Section 4):- It is the relationship between persons who have agreed to share profits of the business carried on by all or any one of them acting for all.