HomeTestsSearchRankProfile
mediumMCQCUET Accountancy 2022 8 Aug Shift 22026Accountancy
1 mark

In partnership, a minor can be partner:

  1. A
    in no case
  2. B
    but not more than one
  3. C
    but only to the benefits of partnership firm
  4. D
    but only as a secret partner

Solution & Step-by-step Explanation

According to the Indian Partnership Act, a minor cannot be a partner in a firm, but with the consent of all adult partners, they may be admitted only to the benefits of the partnership.

Practice this question

Try it yourself before checking the explanation above.

In partnership, a minor can be partner:
A
in no case
B
but not more than one
C
but only to the benefits of partnership firm
D
but only as a secret partner

Share This Question

PartnershipAccounting

Related Questions

easyMCQ

Which one of the following statements is true?

easyMCQ

Which of the following statements is not correct?

easyMCQ

Which one of the following statements is correct?

easyMCQ

The product formed by the reaction of an aldehyde with a primary amine is:

easyMCQ

Which part of the tobacco plant is infected by Meloidogyne incognita?

easyMCQ

The term ecosystem was coined by:

Ready for a Full Test?

Practice with timed mock tests and track your performance across Accountancy.

Browse TestsLeaderboard

Discussion