Which one of the following is not correct?
1
Partnership is the relation between persons who have agreed to share the profits of the business carried on by any one of them.
2
The partners bear the risks involved in running a business as a team.
3
A partnership firm is not legally required to publish its accounts.
4
According to section 464 of the Companies Act, 2013, maximum number of partners in a partnership firm can be 100.
5
None of the above/More than one of the above.