Start learning →

Partnership is defined as the relation between persons who have agreed to share the ___ of a business

Aprofits
Bassets
Cliabilities
Dcapital
Answer & Solution
Correct answer: A. profits
Sec 4: partnership is the relation between persons who agreed to share the profits of a business carried on by all or any of them acting for all.
Practise this question with Quill — AP Intermediate 2nd Year →

Keep practising Accounting for Partnership Firms: Retirement and Death of a Partner

Browse all Accounting for Partnership Firms: Retirement and Death of a Partner questions for AP Intermediate 2nd Year, or explore more Accountancy topics.

Start a Accounting for Partnership Firms: Retirement and Death of a Partner lesson →