Assertion :Minor partner is entitled to get his agreed share. Reason: Minor can inspect books of account of the firm

Both Assertion and Reason are correct and Reason is the correct explanation for Assertion

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Both Assertion and Reason are correct but Reason is not the correct explanation for Assertion

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Assertion is correct but Reason is incorrect

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Both Assertion and Reason are incorrect

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A Both Assertion and Reason are correct and Reason is the correct explanation for Assertion
A minor can be admitted as a partner in a partnership firm with the consent of all the partners in the agreement where the minor will share only the profits or gains of the firm and he will have no share in the firm's loss. The minor can even inspect the books of accounts of the firm.

Suggest Corrections

Similar questions

H_{2}

H e

(1 + \frac{P b}{R T})

H_{2}

H e

{2n}^{2}

ASSERTION: n-Pentane and n-Hexane belong to a homologous series.

REASON: n-Pentane and n-Hexane belong to the same class of hydrocarbons and they differ by a - $C H_{2}$ - group.

Assertion – The non-fusible impurities present in iron ore are removed by $C a C O_{3}$ .

Reason: $C a C O_{3}$ which decomposes into $C a O$ and $C O_{2}$ . The $C a O$ formed reacts with $S i O_{2}$ to remove silica

{SiO}_{2}

{CaCO}_{3}

CaO

{CaCO}_{3}

{SiO}_{2}

Join BYJU'S Learning Program