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P1 C1 INTRODUCTION OF PARTNERSHIP — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP1 C1 INTRODUCTION OF PARTNERSHIP1 Mark
MCQ
Minimum $2$ partners are necessary in a partnership firm because
  • A
    more capital is required in the partnership firm.
  • B
    more risk is there in the partnership firm.
  • ✓
    partnership emerge through agreement
  • D
    unlimited liabilities of partners
✓

Answer

Correct option: C.
partnership emerge through agreement

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