Six friends started a partnership business by investing 2,00,000 each They decided to share profit equally Name - Accountancy - Accounting for Not-for-Profit Organisation

Question

Six friends started a partnership business by investing ?2,00,000
each They decided to share profit equally Name the terms by which
they will be called individually or collectively

Mehak Garg · Accepted Answer

Dear student
INDIVIDUALLY they will be called as PARTNERS AND COLLECTIVELY they
will be called as FIRM
Regards

Six friends started a partnership business by investing ?2,00,000 each. They decided to share profit equally. Name the terms by which they will be called individually or collectively.