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The minimum number of persons required to form a partnership business is

Accounts - Principles of Accounts
WAEC 2013

The minimum number of persons required to form a partnership business is

  • A. 2
  • B. 3
  • C. 5
  • D. 10
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Correct Answer: Option A
Explanation

A minimum of two Persons is required to start a Partnership firm. A maximumnumber of 20 Partners are allowed in a Partnership firm. You require at least two persons to start a partnership firm.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now