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Define forms of Business with its advantages and disadvantages. Suppose you are willing to initiate a partnership business with your friends, how do you write

Define forms of Business with its advantages and disadvantages. Suppose you are willing to initiate a partnership business with your friends, how do you write agreement of partnership? How you will record your initial transactions? Suppose if you earn profit of Rs 120,000, how will you distribute it with equal and unequal ratio of partners. (Support the answer by using your own data)

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