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CA CPT 2013 June Question Paper Mercantile Laws for online practice
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Question : 29
Total: 40
A was an employee in a partnership firm with a salary of Rs.50,000 per month and he will get a share of 30% inprofits if the profits of the firm exceed Rs.5 lakhs. Now ‘A’ is called _____
Partner of the firm
Not a partner of the firm
He cannot take share in profits
is not entitled to any salary
Validate
Solution:
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