Accountancy, asked by devesh87sahu, 6 months ago

what do u mean by partnership ​

Answers

Answered by manshi8723
1

Answer:

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.

Explanation:

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Answered by anisha3092006
1

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

But their is another partnership which is informal that is our friendship while playing any games like tennis, badminton, etc.

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