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What is Partnership Business??
Please explain it.........
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Answered by
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Answer:
The term ' partnership ' is defined as the any work or business is done by more than one person or a group of people....
In this case , the profit and loss are shared among the members of the group....If there any loss or misacre occurred then all members are responsible not at one.......
Same as if there is a profit of company , institution , and other departments then there the profit is distributed among the members.....
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Step-by-step explanation:
Hello...
Partnership Business :
A legal from of business operation between two or more individuals who share management and profits.
In a general partnership, the partners manage the company and assume responsibility for the partnership's debts and other obligations.
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