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Partnership

A partnership is an association of two or more persons who invest their money in order to carry on a certain business.
 
A partner who manages the business is called the working partner and the one who simply invests the money is called the sleeping partner.
  • If the period of investment is the same for each partner, then the profit or loss is divided in the ratio of their investments.
     
    If A and B are partners in a business, then
     
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