A. Partners are entitled to salary if deed provides
B. A minor can be a full-fledged partner
C. Partners share profits equally always
D. Partners get interest on capital in all circumstances
Answer: Option A
Solution (By JKSSB Mock Tests)
Salary to partners is allowed only if partnership deed provides. Interest on capital is not automatic. Profits sharing can be unequal. Minor cannot be a partner, only admitted to benefits.
Explanation:
Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and subject to insignificant risk of changes in value.
Explanation:
The primary objective of financial management is to maximize shareholder wealth. However, it involves not just raising funds, but also their effective utilization, dividend decisions, and working capital management. A is true, R is false.
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