Which one of the following is not a feature of Limited Liability Partnership firm? [IAS 2010]

Question

TuteeHUB · Accepted Answer

Partnership and management need not be separate

TuteeHUB · Answer

Partners should be less than 20

TuteeHUB · Answer

Internal governance may be decided by mutual agreement among partners

TuteeHUB · Answer

It is a corporate body with perpetual succession

1.	Which one of the following is not a feature of Limited Liability Partnership firm? [IAS 2010]
A.	Partners should be less than 20
B.	Partnership and management need not be separate
C.	Internal governance may be decided by mutual agreement among partners
D.	It is a corporate body with perpetual succession
Answer» B. Partnership and management need not be separate

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