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Accountancy · 2025 · 1 mark
Accounting for Partnership: Basic ConceptsSpecial Aspects of Partnership Accounts1 markassertion reason
CBSE 2025 · Region 2 · Set 3 · Q10
Assertion (A): The maximum number of partners M a partnership firm is 50. Reason (R): By virtue of the Companies Act 2013, the Central Government is…
Assertion (A) : The maximum number of partners M a partnership firm is 50. Reason (R) : By virtue of the Companies Act $\displaystyle 2013$, the Central Government is empowered to prescribe maximum number of partners in a firm. The Central Government has prescribed the maximum number of partners in a Firm to be 50. Choose the correct option from the following :
Official answer
(A)
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
Marking-scheme solution
(A)
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of
assertion (A).
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CBSE Class 12 Accountancy past-paper question from the 2025 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.