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Vedic Partnership Rules, N. Choudhury
Vedic Partnership Rules, N. Choudhury
Accounting Historians Journal
The law writers of ancient India (around 700 B.C.) devised, in a period of flourishing trade, rules for the administration of partnerships, formed as a means of combining capital and skills of individual entrepreneurs. These rules are indicative of the concern of the writers with partnership economics and equity--concepts which form an important part of present day partnership law.