Question

Which of the following is NOT covered by general duties of partners?

• A. To carry on the business of the firm to the greatest common advantage of the firm
• B. To be just and faithful to each other
• C. To arrange for audit of accounts of the firm
• D. To keep and render true, proper and correct accounts of the partnership

Answer 1

The correct option is C To arrange for audit of accounts of the firm

In a partnership business, the partners cannot arrange for the audit of the accounts of the firm that is done by the Accounts authority of that company.