With regard to a business carried on as a partnership which one or more of the following

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With regard to a business carried on as a partnership which one or more of the following statements are correct?

(a) A partner may agree to join on condition he would risk only his capital amount

(b) As a sleeping partner, a partner may be excused from management responsibility

(d) If registered with the Registrar of Companies as a Limited Liability Partnership partners’ liability could be restricted to the amount of capital contributed.

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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Question Posted: Aug 29, 2023 10:24 AM

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With regard to a business carried on as a partnership which one or more of the following

Question:

a c&d bb&c ca & d db & d

Step by Step Answer:

a c By agreement a partner may require interest ...View the full answer

Financial Accounting An Introduction

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