Business Studies, asked by koramprashanth782, 4 months ago

what are the duties of partners

Answers

Answered by Affanp
1

Duties of a Partner in Partnership

To observe good faith.

To Indemnify for Loss.

To Attend to his Duties Diligently.

Not to Claim Remuneration.

To Indemnify for Willful Neglect.

To Share Losses.

To Hold and Use Property of the Firm.

To Account for Private Profits.

Answered by yandapallydurgareddy
0

Explanation:

partnership is association of two or more persons who fool their financial in managerial resources and agree to carry on a business and share it profit or losses the persons who form a partnership for individually known as partners in collectively known as firm or a partnership

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