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CBSECommerce (English Medium) Class 12
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What is the maximum number of partners that a partnership firm can have? Name the Act that provides for the maximum number of partners in a partnership firm. - Accountancy

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Question

What is the maximum number of partners that a partnership firm can have? Name the Act that provides for the maximum number of partners in a partnership firm.

Very Short Answer
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Solution

As per the Companies Act, 2013, the maximum number of partners in a partnership firm can be 50.

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Q 7.
Chapter 1: Accounting for Partnership Firms - Fundamentals - SHORT ANSWER QUESTIONS [Page 1.127]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 1 Accounting for Partnership Firms - Fundamentals
SHORT ANSWER QUESTIONS | Q 7. | Page 1.127
2015-2016 (March) Foreign Set 1 (with solutions)
Q 1 | 1 mark
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