Accountancy, asked by BEM750, 8 months ago

What is partnership ? discuss the charactertics or salient

features of partnership.

Answers

Answered by saniya2080

Explanation:

Features of Partnership Firm – Multiplicity of Persons, Contractual Relationship, No Separate Legal Entity, Unlimited Liability, Existence of Business and a Few Others. (i) Multiplicity of Persons: A partnership is an association of two or more persons.

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