Suresh was an employee in ZPA & Co. a partnership firm with salary of Rs. 50,000 p.m. and he will get share of profit if he profits of the firm exceed Rs. 10 lakhs ____________________.

Suresh will be called partner of the ZPA & Co.

Suresh cannot take share in profit

Suresh is not entitled to any salary

Suresh cannot be called partner of the ZPA & Co.

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Correct option is B. Suresh cannot be called partner of the ZPA & Co.

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