Fundamental Of Partnership
As per Section 4 of the Indian
Partnership Act, 1932 as 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.
Partnership is based on the concept of mutual agency and all the partners are
agent and principle of each other. These online MCQ tests and MCQ questions includes all main concepts of the chapter in CS foundation Financial Accounting and Auditing.