If a partner individually carries on any business of the same nature as competing with that to the partnership firm, he shall account for all profits made by him to..................

All partners

The correct answer is option 1- All partners.

If a partner individually carries on any business of the same nature as competing with that to the partnership firm, he shall account for all profits made by him to all the partners.

(i) If a partner derives any profit for him/herself from any transaction of the firm or from the use of the property or business connection of the firm or the firm name, he/she shall account for the profit and pay it to the firm.

(ii) If a partner carries on any business of the same nature as and competes with that of the firm, he/she shall account for and pay to the firm, all profit made by him/her in that business.