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If the Profit Sharing Ratio is Not Decided by the Co-venturers, in Which Ratio Will They Share Profits and Losses? - Book Keeping and Accountancy

5. If the profit sharing ratio is not decided by the co-venturers, in which ratio will they share profits and losses?

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Solution

When the profit sharing ratio among the co-venturers is not agreed, then they share profits/losses in the equal ratio.

Concept: Retirement Or Death of a Partner - Adjustment of Accumulated Profits and Losses
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