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Accounts Revision Notes
Partnership Accounting
(2.50/5)
What is a Partnership?
A partnership is defined as the relationship that exists between persons carrying on a business. These persons agree to combine some or all of their property, labour, and skills click here for full revision note
Reconstitution of a Partnership
(Not Rated)
Effect of Admission of a Partner
Admission of a new partner is a major event in a partnership business. A new admission can take place only with the unanimous consent of all the existing partners. New click here for full revision note
