Business Studies, asked by prekshanaguptakundu, 8 months ago

what do mean by partnership in commerce? no spamming please otherwise u will be reported.

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Answered by PriyanjanShankar

A partnership is a formal arrangement by two or more parties to manage and operate a business and share its profits. ... In particular, in a partnership business, all partners share liabilities and profits equally, while in others, partners have limited liability.

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Answered by kesararuchitha

Answer:

partnership firm is a organization of two or more persons who pool their financial and managerial resources and agree to carry on a business, and share its profit or loss.

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