Partners’ Rights – NBC Institute

FA – Nov 2015 – L1 – SA – Q14 – Roles of Accountants in Business and the Economy

This question identifies which clause is not included in the Partnership Act 1890.

Question

The following clauses are stated in the Partnership Act 1890 EXCEPT:
A. Rights and duties of each partner
B. The rate of interest to be charged on drawings
C. The rate of interest to be charged on loan granted by Partners
D. The nature of business to be engaged in by the partnership
E. Pattern of sharing profits or losses among the partners

Answer

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Tags: Clauses, Partners' Rights, Partnership Act
Level: Level 1

Topic: Roles of Accountants in Business and the Economy
Series: NOV 2015

Question Tag: Partners' Rights

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FA – Nov 2015 – L1 – SA – Q14 – Roles of Accountants in Business and the Economy

This question identifies which clause is not included in the Partnership Act 1890.

FA – Nov 2015 – L1 – SA – Q14 – Roles of Accountants in Business and the Economy

This question identifies which clause is not included in the Partnership Act 1890.

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Question Tag: Partners' Rights

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FA – Nov 2015 – L1 – SA – Q14 – Roles of Accountants in Business and the Economy

This question identifies which clause is not included in the Partnership Act 1890.

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FA – Nov 2015 – L1 – SA – Q14 – Roles of Accountants in Business and the Economy

This question identifies which clause is not included in the Partnership Act 1890.

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