Question

If a partner earns any personal profits from the business of the firm:

A He shall account for 50% of it to the firm
B He shall account for only his interest in the firm.
C He shall account it back to the firm.
D He shall not earn any personal profits of the firm, if earned he shall be expelled immediately.
E None of the above.
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)