Financial and Management Accounting

1: Section ---- of the ----- restricts the maximum number of members in partnership to 10 in case of banking firms and 20 to carry on any other business in partnership.
A.

4 ,Indian Partnership Act, 1932

B.

11, Indian Partnership Act, 1932

C.

4, Indian Companies Act, 1956

D.

11, Indian Companies Act, 1956

 

Answer : D

Explanation :

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Option: A

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