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प्रश्न
State Whether the following Statement is True or False:
Unless otherwise specified, the partners have to share profits or losses in proportion to the capital contributed by them.
चूक किंवा बरोबर
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उत्तर
The statement is false.
Explanation:
Under the Indian Partnership Act, 1932, unless otherwise agreed, partners share profits and losses equally, not in proportion to the capital contributed by them.
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