--%>

Number of Partners in Partnership

What is the maximum and minimum number of partners in each and every type of partnership?

Answer: There must be at least two persons to build a Partnership. The maximum number of Partners in a firm carrying a banking business must not surpass ten and in any other business must not surpass ten and in any other business it must not exceed 20.

   Related Questions in Managerial Accounting

  • Q : Major tasks of board that runs the

    Write down a short note on the major tasks of board that runs the organization?

  • Q : Benchmark test The process of testing a

    The process of testing a new software program using actual data and comparing the results to the alternative soft wares. The alternative can be new software or the organization's existing system. The test should be examined the software's accuracy and efficiency.

  • Q : How do tax influence the cost of debt

    Normal 0 false false

  • Q : Define Traceability Traceability : The

    Traceability: The capability to assign a cost directly to a particular activity or cost object by identifying or observing particular resources used by the activity or cost object.

  • Q : Provision of management accounting

    What do you mean by the term provision of management accounting information?

  • Q : Explain Full-Absorption Costing

    Full-Absorption Costing: It is a technique of costing that assigns (or absorbs) all labor, material, and service or manufacturing facilities and support costs to products or another cost objects. The costs assigned comprise those which do and do not d

  • Q : Comparability-Accounting information

    What do you mean by the term Comparability which is accounting information?

  • Q : Significance of partnership deed Why is

    Why is it significant to encompass a partnership deed in writing? Answer: Partnership deed is significant as it is a document stating relationship of each and every

  • Q : What do you mean by the term Mission

    What do you mean by the term Mission statements? Briefly describe it.

  • Q : Planned product cost and the actual cost

    A company has production facilities in several countries. Some of the products they sell are produced in stages (Raw Materials -> Pre-Assembly -> Assembly -> Finished Product) based on the technologies and materials involved (see Table 1).

    Discover Q & A

    Leading Solution Library
    Avail More Than 1424644 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads
    No hassle, Instant Access
    Start Discovering

    18,76,764

    1946324
    Asked

    3,689

    Active Tutors

    1424644

    Questions
    Answered

    Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

    Submit Assignment

    ©TutorsGlobe All rights reserved 2022-2023.