Question:medium

Which of the following is not an essential feature of partnership?

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In partnership: \[ \mathrm{Profit\ sharing\ ratio} \] may be: \[ \mathrm{Equal\ or\ Unequal} \] depending upon agreement among partners.

Updated On: May 11, 2026

It has at least two persons.
An agreement exists between/among all the partners.
Profits and losses are shared equally.
Agreement is for a business.

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The Correct Option is C

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