MCQOPTIONS
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| 1. |
Which one of the following statements is True' in partnership? |
| A. | In the absence of any provision in the partnership deed, only a working partner is entitled to remuneration. |
| B. | Any firm which earns normal profit has no goodwill. |
| C. | The business of the firm must be carried on by all the partners. |
| D. | Interest on loan given by a partner to the firm shall be paid if there are profits. |
| Answer» C. The business of the firm must be carried on by all the partners. | |