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      Question

      In the absence of any provision in the partnership

      agreement, profits and losses are shared by the partners
      A in the ratio of the capital of partners Correct Answer Incorrect Answer
      B equally Correct Answer Incorrect Answer
      C in the ratio of loans given by them to the partnership firm Correct Answer Incorrect Answer
      D in the ratio of the initial capital introduced by the partners Correct Answer Incorrect Answer

      Solution

      The correct answer is B

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