The following are essential elements of a partnership firm, except:

What should be the minimum number of persons to form a Partnership:

In the case of a partnership, the act of any partner is:

The Partnership Act does not specify a maximum number of partners in a firm. Which legislation grants the central government the authority to prescribe this limit?

The number of partners in a partnership Firm may be:

Which of the following statement is true?

The relation of the partner with the firm is that of:

As per Section 464 of the Companies Act, 2013, what is the maximum number of partners a firm can have, subject to the central government’s prescription?

A, B, C and D are partners in a firm. They want to expand their business for which additional capital and more managerial experts are required. For this they want to admit more members in their firm. What is the maximum number of additional members that can be admitted by them in the firm:

X, Y, and Z are partners sharing profits and losses equally. Their capital balances on March 31, 2021, are ₹ 80,000, ₹ 60,000 and ₹ 40,000 respectively. Their personal assets are worth as follows: X - ₹ 20,000, Y - ₹ 15,000, and Z - ₹ 10,000. The extent of their liability in the firm would be:

Liability of partner is: