Question

Select the proper option from the options given below and rewrite the completed sentences.

At least ________ persons are required to form a partnership firm.
(a) two
(b) one
(c) three

Answer 1

Correct option - a
At least two persons are required to form a partnership firm.
Explanation:
A partnership is not meant for one person. It involves an agreement between two or more persons. Under partnership, two or more person comes into contact which each other and agrees to share profit or loss equally or in some decided ratio.