In the absence of a Partnership Deed, the profit of a firm is divided among the partners
In the absence of a Partnership Deed, the profit of a firm is 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
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Ans – c)
Explanation:-
in the absence of a partnership deed, The Provisions of Indian Partnership Act 1932 is Applied. The profit is divided equally among the partners.
Anurag Pathak Changed status to publish April 4, 2023
