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Lesson: Partnership

Partnership: When two or more than two persons run a business jointly, they are called partners and the deal is known as partnership.

Types of Partners: Working partner is the one managing the business while sleeping partner is the one investing in the money.
Divisions of Gains among Partners: When all partners invest for same time, gain or loss is disseminated among partners in ratio of their investments.
- Suppose A and B invest ₹ and ₹ respectively for a year in a busine…

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