Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Accounting for Partnership

Question:

Which of the following is NOT a feature of partnership?

Options:

Two or more persons

Disagreement

Mutual agency

Sharing of profit

Correct Answer:

Disagreement

Explanation:

The correct answer is Option (2) → Disagreement

"Disagreement" is not a feature of partnership. Partnership is the result of an agreement between two or more persons to do business and share its profits and losses. The agreement becomes the basis of relationship between the partners.