1. Partners are entitled to a salary if they have stated this in their .

2. In the absence of a specific contract between the partners, the provisions of the apply.

3. A record of how the net profit/(r loss) for the period has been has been distributed is shown in the .

4. On the realization of a partnership, profits are shared among the partners in their .

5. The main disadvantage of an unincorporated partnership compared to a limited company is that the partners have .