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.


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