Features of a partnership firm are ........

Accountancy ( 12th) Fundamentals of Partnership

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Features of a partnership firm are :

Two or more persons are carrying common business under an agreement.

They are sharing profits and losses in the fixed ratio.

Business is carried by all or any of them acting tor all as an agent.

All of the above.

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Explanation:

- Option 1: Two or more persons are involved in a business together through an agreement. This is essential for forming a partnership as partnerships are based on mutual consent.

- Option 2: They share profits and losses in a fixed ratio. This arrangement is a fundamental aspect of partnerships to provide an equitable distribution of outcomes.

- Option 3: The business is conducted by all or any of them, acting as agents for each other. In partnerships, each partner can act on behalf of the others, creating mutual agency.

- Option 4: All of the above. This includes each feature that defines a partnership firm, making it the comprehensive choice.