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.
Answer (1)
23rd Jan, 2024
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.
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