Which of the following

statements are not true?

I. According to the Partnership Act 1908,

profit and loss sharing is determined by negotiation between partners

II. According to the Partnership Act 1908,

partners are entitled to receive interests of 10% per annum on capital account

balances of the partners

III. According to the Partnership Act 1908,

partners are entitled to remuneration for their services to their partnership

IV. According to the Partnership Act 1908,

admitting a new partner into a partnership does not require the unanimous

consent of all partners of the partnership