Question

(D) Do you agree or disagree with the following stateme
1. Partners are entitled to get Salary or Commission.
2. Not for profit concerns do not have profit motive.
3. Retiring partner is not entitled to share in general reserve and accumulated profit.
4. A decreased partner is entitled to Goodwill of the firm.
5. Financial statements include
only Balance sheet.​

Answer 1

Answer:

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Answer 2

Answer:

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