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

Practice Next

Relevant for Exams:

×
×