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".
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\(\begin{array}{c|c} & N \\ \hline Sales & 200,000 \\ \text{Opening Stock} & 20,000 \\ p...