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Byju's Answer
Standard XII
Accountancy
Partner's Capital Account Adjustments(Death)
A partner can...
Question

A partner can carry on business _____ to that of the firm.

A
similar
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B
not similar
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C
both a and b
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D
none of the above
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Solution

The correct option is C not similar
According to the provisions of the Indian Partnership Act, 1932, a partnership consists of two or more persons coming together. It also lays down some rules and regulations. A partner cannot transfer shares without the consent of the other partners. He also cannot carry on similar business to that of the firm.

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Standard XII Accountancy
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