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What can be the minimum number of partners in a firm?

  • Post category:Accountancy
  • Reading time:1 mins read

SOLUTION

Two.

  


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Previous PostThe business of a partnership firm may be carried on by all the partners or any one of them acting for all. One of the important implications of this statement is that every partner is entitled to participate in the conduct of the affairs of its business. State the second important implication of this statement. (C.B.S.E. 2020. Kerala)
Next PostWhat 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.

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