CBSE Class 12-commerce Answered
what is english partnership act
Asked by sanjaydhandamraj | 14 Mar, 2019, 03:24: PM
Expert Answer
As per the syllabus of Accountancy for CBSE Class XII, different aspects ofIndian Partnership Act, 1932 are to be studied with respect to maintenance of books of accounts only, where the following points are necessary to understand:
Meaning
- Partnership is an association between two or more persons who agree to do business and share its profits and losses.
- Partnership is a business relationship among two or more persons to share profits and losses of the business, carried on by all or any of them acting for all.
Definition:
- Partnership is defined by Indian Partnership Act, 1932, Section 4 as follows: “Partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all.”
Answered by Surabhi Gawade | 14 Mar, 2019, 04:24: PM
Application Videos
Concept Videos
CBSE 12-commerce - Accountancy
Asked by joymotibarman | 15 Jan, 2024, 02:15: PM
ANSWERED BY EXPERT
CBSE 12-commerce - Accountancy
Asked by divyanshmaheshwari2003 | 04 Nov, 2023, 05:06: PM
ANSWERED BY EXPERT
CBSE 12-commerce - Accountancy
Asked by deepamonidas1234 | 21 Sep, 2023, 09:14: PM
ANSWERED BY EXPERT
CBSE 12-commerce - Accountancy
Asked by officialpaperio.man | 31 Jan, 2022, 09:14: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Accountancy
Asked by swapnil292001 | 08 Nov, 2020, 11:22: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Accountancy
Asked by raksha2sanubth | 13 Jul, 2020, 11:22: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Accountancy
Asked by raksha2sanubth | 13 Jul, 2020, 11:19: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Accountancy
Asked by sonowalabhilash | 02 Jul, 2020, 09:46: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Accountancy
Asked by simarjiv10 | 24 Jun, 2020, 11:25: PM
ANSWERED BY EXPERT