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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
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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]
