CUET Accountancy - Which of the following is not a general feature of partnership- | PYQs + Solutions

CUET Accountancy 2025 14 May Shift 2

Partnership

Easy

In order to form partnership, there should be at least two persons coming together for a common goal.

Partnership is the result of an agreement between two or more persons to do business and share its profits and losses.

The agreement should be to carry on some business.

Liability of Partners are limited to the extent of capital contribution.

✅ Correct Option: 4

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CUET Accountancy 2025 14 May Shift 2 PYQs

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