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Introduction to Partnership and Partnership Final Accounts — Book Keeping & Accountancy STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyIntroduction to Partnership and Partnership Final Accounts2 Marks
Question
Partners are entitled to get a salary or commission.
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Answer

This statement is False.
In Partnership Deed when it is clearly mentioned that all partners or specific partners are entitled to salary or commission then only partners are entitled to get salary or commission. When partnership deed remains silent on salary or commission, then partners are not able to get any salary or commission.

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