Accountancy- Accounting for Partnership Firms - Fundamentals Set 4

Maximum Two Maximum Ten Maximum One Hundred Maximum Fifty

Limited Unlimited Determined by Court Determined by Partnership Act

An Owner An Agent An Owner and an Agent Manager

2 7 10 20

do not contribute any capital but get some share of profit for lending their name to the business contribute very less capital but get equal profit do not contribute any capital and without having any interest in the business, lend their name to the business contribute maximum capital of the business