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Partnership Basics Notes

This document discusses the fundamentals of accounting for partnership firms. It explains that a partnership is the relationship between two or more people who join to carry on a trade or business. The document outlines some key aspects of partnerships including how profits and losses are shared, how new partners can be admitted, and how the firm is dissolved when a partner dies or retires.

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Anirudh Kumar

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0% found this document useful (0 votes)

152 views14 pages

Partnership Basics Notes

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Anirudh Kumar

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Accounting for Partnership Firms:

Fundamentals

Dhwani Gandhi Jain

Dhwani Gandhi Jain
Dhwani Gandhi Jain
Dhwani Gandhi Jain
Dhwani Gandhi Jain
Dhwani Gandhi Jain
Dhwani Gandhi Jain
Dhwani Gandhi Jain
Dhwani Gandhi Jain
Dhwani Gandhi Jain
Dhwani Gandhi Jain
Dhwani Gandhi Jain
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Dhwani Gandhi Jain

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Partnership Basics Notes

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Partnership Basics Notes

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Accounting for Partnership Firms:

Dhwani Gandhi Jain

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