Accountancy, asked by riyay69, 3 months ago

Sharing of Profit is conclusive evidence of partnership but Mutual Agency is only a prima

facie evidence of partnership.​

Answers

Answered by jaideeps71002
0

Answer:

The receipt by a person of a share of theprofits of a business is prima facie evidencethat he is a partner in the business, but no such inference shall be drawn if such profits were received in payment: ... A partnership may be formed by the furnishing of skill and labor by others

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