12th Class Accountancy Fundamentals of Partnership Question Bank MCQs - Accounting for Partnership Firm : Fundamental

  • question_answer
    Which of the following statement is true?

    A) A minor cannot be admitted as a partner

    B) A minor can be admitted as a partner, only into the benefits of the partnership

    C) A minor can be admitted as a partner but his rights and liabilities are same of adult partner

    D) None of the above

    Correct Answer: B

    Solution :

    [b] A minor can be admitted as a partner, only into the benefits of the partnership


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