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12th Accountancy 2017 Set1 Delhi Board Paper Solution

Question 6

Gupta and Sharma were partners in a firm. They wanted to admit two more members in the firm. List the categories of individuals other than minors who cannot be admitted by them.

Answer

Folowing are the person other than minor cann't be admitted as partner:

1) Lunatic person or person of unsound mind

2) Insolvent person.