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easyMCQCUET Accountancy 2025 13 May Shift 22026Accountancy
1 mark

Which section of the Indian Partnership Act, 1932 defines the term "Partnership"?

  1. A
    Section 4
  2. B
    Section 5
  3. C
    Section 6
  4. D
    Section 7

Solution & Step-by-step Explanation

According to Section 4 of the Indian Partnership Act, 1932: "Partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all."

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Which section of the Indian Partnership Act, 1932 defines the term "Partnership"?
A
Section 4
B
Section 5
C
Section 6
D
Section 7

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PartnershipAccountingSection 4

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