In the absence of partnership deed the profits of a firm are divided among the partners : (a) In the ratio of capital (b) Equally (c) In the ratio of time devoted for the firm's business (d) According to the managerial abilities of the partners

In the Absence of Partnership Deed the Profits of a Firm Are Divided Among the Partners : - Accountancy

In the absence of partnership deed the profits of a firm are divided among the partners :

(a) In the ratio of capital

(b) Equally

(d) According to the managerial abilities of the partners

Equally

According to provisions of Indian Partnership Act, 1932 the profits and losses are to be shared equally among the partners.

Concept: Meaning and Definitions of Partnership and Partnership Deed

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