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Standard XII
Accountancy
Goodwill Valuation (Retirement)
A partnership...
Question

A partnership firm can be formed with a minimum share capital of Rs. ____________.

A
Rs.50,000
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B
Rs.5,00,000
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C
Rs.1,00,000
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D
Not fixed
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Solution

The correct option is D Not fixed

There are no restrictions as such with respect to the minimum capital requirement in case of partnership firm.

However, any amount of capital could be introduced in the form of Partners’ Contribution and the same shall be mentioned in the Partnership deed, as executed by the Partners.


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