Steps involved ...

It is NOT UNCOMMON in partnership firm _______________.

An idea of operating as a partnership would include _________.

When advising John of what to include in the production plan of his business plan for his entrepreneurial venture, what would you not include in you recommendation?

A partner who is entitled to share in the profits of a partnership firm without being liable to the losses, is called ___________.

Which of the following are the rights of a partner in a partnership firm?
X. To take art in the conduct and management of the business.
Y. To receive remuneration for active working in the firm.
Z. To receive interest on the capital invested in the firm W. To receive share in the profit.
Correct option is _______________.

The relationship of partnership arises out of _________.

Transfer of share in the partnership firm is _____________.

In which of the following cases a partnership firm is re-constituted?

A partner who does not get actively involved in business is a  _________ partner.

True Test of existence of partnership is _________.