Question : In the absence of a partnership deed, the profit of a firm is distributed among the partners.
Option 1: In the ratio of capital.
Option 2: Equally
Option 3: In the ratio of time dereted for the firms business.
Option 4: according to the managerial abilities of the partners.
Correct Answer: Equally
Solution : Answer = Equally . In the absence of a partnership agreement, the profits and losses are to be shared equally among the partners. This approach ensures fairness and simplicity in distribution, providing a default framework for partnerships lacking specific allocation arrangements. Hence, the correct option is 2.
Question : On dissolution of a partnership firm, profit or loss on realisation is distributed among the partners ________.
Question : On dissolution of a partnership firm, profit or loss on realisation is distributed among the partners -
Question : A and B are Partners in a firm. They are entitled to interest on capital, but if the net profit is not sufficient for this interest, then the net profit will be distributed among partners in
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile