Accountancy, asked by shofiaanjum, 7 months ago

state the elements of partnership deed

Answers

Answered by gracyklunagariya

1

Answer:

Thus as per the above definition, there are 5 elements which constitute of a partnership namely: (1) There must be a contract; (2) between two or more persons; (3) who agree to carry on a business; (4) with the object of sharing profits and (5) the business must be carried on by all or any of them acting for all.

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