What are the minimum numbers of partners

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Target Exam

CUET

Subject

Accountancy

Chapter

Accounting for Partnership

Question:

What are the minimum numbers of partners in a partnership firm?

Options:

Minimum 5

Maximum 10

Minimum 2

Maximum 20

Correct Answer:

Minimum 2

Explanation:

Minimum two persons are required number of partners in a partnership firm according to Indian Partnership Act 1932.