Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Accounting for Partnership

Question:

The Central Government has prescribed the maximum number of partners in a firm to be.......

Options:

100

50

20

10

Correct Answer:

50

Explanation:

The correct answer is option 2- 50.

The Central government has prescribed the maximum number of partners in a firm to be 50.

By virtue of Section 464 of the Companies Act 2013, the Central Government is empowered to prescribe maximum number of partners in a firm but the number of partners can not be more than 100. The Central government has prescribed the maximum number of partners in a firm to be 50.