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  3. 12th Class
  4. Accountancy
  5. Fundamentals of Partnership

12th Class Accountancy Fundamentals of Partnership Question Bank MCQs - Accounting for Partnership Firm : Fundamental

  • question_answer
    In the absence of partnership deed, the partners share profits or losses:

    A) in the ratio of their capitals

    B) in the ratio decided by the court

    C) equally

    D) in the ratio of time devoted

    Correct Answer: C

    Solution :

    [c] equally


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