2. Questions Bank
  3. 12th Class
  4. Accountancy
  5. Admission of a Partner

12th Class Accountancy Admission of a Partner Question Bank MCQs - Reconstitution Of a Partnership Firm : Admission of a Partner

  • question_answer
    'X' and 'Y' are partners in a firm which develops software for industries. X's minor son 'Z' is a computer wizard. Can he be admitted in the partnership firm?

    A) Yes, if X agrees

    B) Yes, if Y agrees

    C) Yes, if X and Y both agree

    D) No, he cannot be admitted

    Correct Answer: C

    Solution :

    [c] Yes, if X and Y both agree


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