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Commerce · Q1561

Accounting

Graduate and Post Graduate · Commerce · question 1561

Q1561

Assertion (A): The maximum number of partners has been specified in the Companies Act. 1956. Reason (R): The Partnership Act, 1932 has been merged with the Companies Act, 1956. Select the correct answer:

A.
Both (A) and (R) are true and (R) is the correct explanation of (A)
B.
Both (A) and (R) are true, but (R) is not correct explanation of (A)
C.
(A) is true but (R) is false
Answer
D.
(A) is false but (R) is true

Answer: Option C

Solution

Answer: Option C
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