In their partnership agreement, Tulum is responsible for the books. The principal office of the partnership is in Denver but Tulum works from home most of the time in Colorado Springs. Unless otherwise agreed, the records of a partnership ________
A) are kept in a safety deposit box at the bank used by the partnership.
B) are able to be taken to any partners home.
C) are to be kept at the location of the partnership's principal business office.
D) can be kept in a locked box at Tulum's house and brought back to the business each week to be audited.
E) can be kept at all the different locations of the partnership's business office.

Question

Quizplus · Accepted Answer

The records of a partnership are typically required to be kept at the location of the partnership's principal business office unless the partners agree otherwise. This ensures that the records are accessible for management and legal purposes.

In Their Partnership Agreement, Tulum Is Responsible for the Books