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When there is no partnership agreement between partners, the division of Profits takes place in ________ ratio. - Book Keeping and Accountancy

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Question

When there is no partnership agreement between partners, the division of Profits takes place in ________ ratio.

Options

  • Equal

  • capital ratio

  • initial contribution

  • experience and tenure of partner

MCQ
Fill in the Blanks

Solution

When there is no partnership agreement between partners, the division of Profits takes place in equal ratio.

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Chapter 1: Introduction to Partnership and Partnership Final Accounts - Exercise 1.1 (Objective Questions) [Page 50]

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Balbharati Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
Chapter 1 Introduction to Partnership and Partnership Final Accounts
Exercise 1.1 (Objective Questions) | Q I. A. 1) | Page 50

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