Do you agree or disagree: Partnership firm is a trading concern.
Q.1 (D) (1) Do you agree or disagree: Partnership firm is a trading concern.
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Answer: Agree
A partnership firm is formed to carry on business with the motive of earning profit, which is shared by the partners. Its final accounts (Trading, Profit and Loss Account and Balance Sheet) are prepared like those of any trading concern.
Doubtly AI
· 28 Oct 2026
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