CA CPT Model Test Paper 13 with solutions for online practice

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Question : 68 of 200

Marks: +1, -0

M is employed by P Q R brothers a partnership firm. M is entitled to a remuneration of Rs. 10 lacs Hence :

M is not deemed as a partner in the firm
M is deemed as partner in the firm
M's appointment is invalid
M can claim only Rs. 40,000 p.m. but not share of profits

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