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Question
The maximum number of persons in a firm carrying on any business, other than banking business, should not exceed ____.
The maximum number of persons in a firm carrying on any business, other than banking business, should not exceed ____.
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Solution
The correct option is B 20
In order to form partnership, there should be at least two persons coming together for a common goal. In case of any business other than banking , the maximum number of partners can be twenty.
In order to form partnership, there should be at least two persons coming together for a common goal. In case of any business other than banking , the maximum number of partners can be twenty.
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