Advertisements
Advertisements
Question
Assertion (A): A minor cannot be admitted in a firm as a partner.
Reason (R): A minor can participate in the profits of a firm.
In the context of the above two statements, which of the following is correct?
Options
Assertion (A) is correct, but Reason (R) is wrong.
Both Assertion (A) and Reason (R) are correct.
Assertion (A) is wrong, but Reason (R) is correct.
Both Assertion (A) and Reason (R) are wrong.
MCQ
Assertion and Reasoning
Advertisements
Solution
Both Assertion (A) and Reason (R) are correct.
Explanation:
A minor cannot be a full partner in a firm but can be admitted to its benefits, meaning they can receive a share in the profits. So, both the assertion and reason are correct, and the reason supports the assertion.
shaalaa.com
Is there an error in this question or solution?
