Multiple choice

In the absence of a partnership deed, partners will share profits in which of the following manner?

  1. Capital Ratio

  2. Equally

  3. Partners are not entitled to profit

  4. In 5 : 3 : 2 Ratio

  5. In 3 : 2 : 1 Ratio
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

When a ratio is not given or there is no partnership deed, profits will be shared equally.

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