CUET Preparation Today
Can partners receive salary or remuneration for their involvement in the firm's business? |
Yes, all partners are entitled to a fixed salary No, partners cannot receive any form of remuneration Yes, but only if specified in the partnership deed No, partners can only receive profits as their compensation |
Yes, but only if specified in the partnership deed |
If the partnership deed provides for the salary then it is allowed to partners otherwise not. |
