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easyMCQCUET Accountancy 2022 15 July Shift 22026Accountancy
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Identify a characteristic not applicable in partnership:

  1. A
    Maximum 50 members
  2. B
    Partnership Agreement
  3. C
    Social or Religious Purpose
  4. D
    Relationship of Principal and Agent

Solution & Step-by-step Explanation

A partnership must be formed to carry out a lawful business with the motive of earning profit. It cannot be formed for a social or religious purpose.

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Identify a characteristic not applicable in partnership:
A
Maximum 50 members
B
Partnership Agreement
C
Social or Religious Purpose
D
Relationship of Principal and Agent

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PartnershipAccountingFeatures

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