Following are the various types of partners: i. Active Partners: Partners who take active part in the conduct of day‐to‐day transactions of the firm are called Active Partners. These partners perform the business activities on behalf of other partners. ii. […]
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Meaning and Definition of Partnership.
Meaning: Partnership is an association of two or more persons who agree to combine their financial resources and managerial abilities to operate a business and share Profits and Losses in an agreed ratio. Definition: Partnership as per the Indian Partnership […]