Accountancy, asked by rajbond, 3 months ago

6.) a partnership firm having more than 20 partners is termed as: ?
(A) A company
(B) Limited Liability partnership (C) Illegal association (D)Association not for profit

Answers

Answered by mehulnawal2980

Explanation:

NUMBER OF PARTNERS-

The number of partners in a firm shall not exceed 20 and a partnership having more than 20 persons is illegal. ... SHARING OF PROFITS- The partners may agree to share profits out of partnership business, but not share the losses. Sharing of losses is not necessary to constitute the partnership

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