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Select the Proper Option from the Options Given Below and Rewrite the Completed Sentence. at Least ________ Persons Are Required to Form a Partnership Firm. - Organisation of Commerce and Management

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Question

Select the proper option from the options given below and rewrite the completed sentence.
At least ________ persons are required to form a partnership firm.

Options

  • two

  • one

  • three

MCQ

Solution

At least two persons are required to form a partnership firm.
Explanation:
A partnership is not meant for one person. It involves an agreement between two or more persons. Under partnership, two or more person comes into contact which each other and agrees to share profit or loss equally or in some decided ratio.

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Registration of a Partnership Firm
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Chapter 1: Forms of Business Organisations - Select the proper option [Page 36]

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Micheal Vaz Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board
Chapter 1 Forms of Business Organisations
Select the proper option | Q 15 | Page 36
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