Multiple choice

Which of the following are the rights of a partner in a partnership firm?

W. To receive share in the profits X. To take part in the conduct and management of business Y. To receive remuneration for active working in the firm Z. To receive interest on the capital invested in the firm

  1. X and Y

  2. X and Z

  3. X and W

  4. X, Z and W

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A partner has the right to receive remuneration and interest on capital only if within the limits prescribed by the law as well as specified in the partnership deed.