Question

Partnership can be formed for the purpose of carrying.

• A. Charitable activities
• B. Social activities
• C. Business
• D. All of the above

Answer 1

The correct option is C Business

Any company or firm is set up to earn profits and such profits can only be earned due to any kind of business. Any charity or social work will not earn company the profits they wished to have.

Hence, a partnership is set up to carry on a business since every partner needs profits on the behalf of work one by them.