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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