# 2pilihanWhich of the following is taxed under Form P?Company profitsSole proprietor incomePartnership income (divided to partners)Individual salary income
# 3pilihanWhich of the following is NOT considered a partnership under ITA 1967?LLPJoint ventureConventional partnershipAssociation of persons with profit motive
# 4pilihanWhich act governs LLPs in Malaysia?Companies Act 2016LLP Act 2012Income Tax Act 1967Business Registration Act 1956
# 5pilihanWhat is the maximum number of individual partners allowed in a conventional partnership?101520Unlimited
# 6pilihanWhat is the registration cost for a Limited Liability Partnership (LLP)?RM100RM250RM500RM1000
# 7pilihanWhich of the following statements is TRUE about LLP?LLP has unlimited liabilityLLP is not a separate legal entityLLP requires annual audit filingLLP has limited liability and separate legal entity status
# 8pilihanWhat happens to a conventional partnership upon the death of a partner (unless otherwise stated in the agreement)?The business continues automaticallyThe business is transferred to the heirsThe partnership is dissolvedThe deceased partner’s share is taxed
# 9pilihanHow many types of partnerships are recognized in Malaysia under business law?OneTwoThreeFour
# 10pilihanWhich law governs the Conventional Partnership in Malaysia?Companies Act 2016Income Tax Act 1967Registration of Businesses ActPartnership Act 1961