Question

Define partnership and states any three features​

Answer 1

Answer:

Partnership means association of two or more persons who can pool in required resources like capital, knowledge, expertise, skill, etc. ... Risk bearing : The risk involved in running the business is jointly borne by the partners. Both profits and losses are shared by them in the pre agreed ratio

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Answer 2

Answer:

this is your answer

Explanation:

Thus partnership is said to be an extension of sole proprietorship partnership is an association of two or more who have mutually decided ti carry out business activities jointly and share it's profits as well as losses....

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