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Answer 1

Answer:

1.by all the partners. They share the profits (and losses) of the business in the agreed ratio. It is significant to note that sharing of profits is not a conclusive proof of partnership. Thus, employees, or creditors who share profits cannot be called partners in the absence of any agreement of partnership....

3.partnership deed, also known as a partnership agreement, is a document that outlines in detail the rights and responsibilities of all parties to a business operation. It has the force of law and is designed to guide the partners in the conduct of the business.

Step-by-step explanation:

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