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easyMCQCUET Accountancy 2025 24 May Shift 12026Accountancy
1 mark

Which of the following is NOT a fundamental feature of a partnership?

  1. A
    Two or more persons
  2. B
    Disagreement
  3. C
    Mutual agency
  4. D
    Sharing of profit

Solution & Step-by-step Explanation

Partnership components demand a legal contract, mutual agency, profit sharing, and a minimum of two people. Disagreement is a point of conflict, not a standard legal trait or prerequisite structure of a partnership.

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Which of the following is NOT a fundamental feature of a partnership?
A
Two or more persons
B
Disagreement
C
Mutual agency
D
Sharing of profit

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PartnershipAccounting

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