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Which of the following statements is not correct in relation to Partnership?
  • a)
    Partnership business must be carried on by all or any of them acting for all 
  • b)
    Partnership is created to make profit 
  • c)
    Partnership arises from status and not contract
  • d)
    Registration of partnership is not mandatory 
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which of the following statements is not correct in relation to Partne...
This is because partnership arises from agreement and not just from status
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Which of the following statements is not correct in relation to Partnership?a)Partnership business must be carried on by all or any of them acting for allb)Partnership is created to make profitc)Partnership arises from status and not contractd)Registration of partnership is not mandatoryCorrect answer is option 'C'. Can you explain this answer?
Question Description
Which of the following statements is not correct in relation to Partnership?a)Partnership business must be carried on by all or any of them acting for allb)Partnership is created to make profitc)Partnership arises from status and not contractd)Registration of partnership is not mandatoryCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following statements is not correct in relation to Partnership?a)Partnership business must be carried on by all or any of them acting for allb)Partnership is created to make profitc)Partnership arises from status and not contractd)Registration of partnership is not mandatoryCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements is not correct in relation to Partnership?a)Partnership business must be carried on by all or any of them acting for allb)Partnership is created to make profitc)Partnership arises from status and not contractd)Registration of partnership is not mandatoryCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Which of the following statements is not correct in relation to Partnership?a)Partnership business must be carried on by all or any of them acting for allb)Partnership is created to make profitc)Partnership arises from status and not contractd)Registration of partnership is not mandatoryCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
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