Question

Meaning and definition of partnership final account

Answer 1

In final accounts partnership means when two or more persons come together to start business .They share there profit or loss as per mentioned in there agreement.
According to indian partnership act 1932"Partnership is the relationship between the persons who have agreed to share the profits of a business carried on by all or any one of them acting for all"

Answer 2

Answer:

partnership is a relation between persons who have agreed share to profit of a business careed on by all or any one of them acting for all