- 8 Marks
BCL – Nov 2018 – L1 – Q4b – Public Sector Entities
State two reasons why a partnership firm should reimburse a partner's expenses.
Question
Apina is a partner in an accounting firm known as Dtd & Associates. On 3rd October 2018, he went out to execute an approved course of duty for the firm. Instead of being assigned an official car, the supervising partner asked that he should use his own car and provision was made for his fuel. In the course of duty, he burst a tire. He brought the receipt of the replaced tire bought to the supervising manager for a refund. The supervising manager, however, refused to reimburse Apina.
Required:
State TWO (2) reasons why the firm should reimburse Apina. (8 marks)
Find Related Questions by Tags, levels, etc.
- Tags: Partner Rights, Partnership Expenses, Partnership Law, Reimbursement
- Level: Level 1
- Topic: Public Sector Entities
- Series: NOV 2018
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