what are partnership firms? answer the question in one sentence
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A partnership is an agreement between two or more persons to share profits and losses of the firm. According to Section 4 of the Indian PartnershipAct, 1932, “Partnership is the relation between persons who have agreed to share profits of a business carried on by all or any one of them acting for all.”
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A partnership is an agreement between two or more persons to share profits and losses of the firm.
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