Looking for Class 12 Accountancy notes on Fundamentals of Partnership? This chapter covers Meaning and Definition of Partnership, Features of Partnership — Mutual Agency, No Separate Legal Entity, Rights and Liabilities of a Partner, Partnership Deed — Meaning and Contents, Rules Applicable in Absence of Partnership Deed, and Charges Against Profit vs Appropriation of Profit — explained step by step for CBSE Board Exam preparation. Sanyam Bhayana is a Class 12 State Topper (99.6%) and Gold Medalist from Shri Ram College of Commerce (SRCC), New Delhi. He has helped hundreds of students score 100/100 in board exams. Watch the free video lecture, then download the complete notes for this chapter for just Rs. 9.