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Ritesh and hitesh are friends. Ritesh …

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Ritesh and hitesh are friends. Ritesh is a consultant and hitesh is an architect. They contributed equal amounts and purchased a buildig . After a year they sold it and shared the profit equally. Are they doing the business in partnership? Give reason to support your answer.

Posted by Shalu Garg 6 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Shravan Kumar 6 years, 6 months ago

No it is not a business because it is not for continous period on time as business is continous process.

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