A partnership is formed by
...A partnership is formed by
Two or more individuals
Only one person
Two individuals only
Two or more companies
Correct answer is A
Section 1 of the Partnership act 1890 defined partnership " as a relationship which subsists between two to twenty people carrying on a business in common with a view of profit making and the sharing exercise being confined to only members in the partnership deed".
The accounting system in which only one aspect of transaction is recorded is ...
The prime cost is the total of the? ...
Which of these is not method of stock valuation? ...
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At the end of a financial period, the trading profit and loss account of a sole trader shows...