What is meant by Divisible Profit?
What is meant by Divisible Profit?
Anurag Pathak Changed status to publish April 9, 2023
Answer:-
Divisible profit means profit remaining to be distributed between/among partners after allowing remuneration (i.e., Salary, Commission, etc.) to partners, interest on capital, transfer to reserve, and charging interest on drawings.
Anurag Pathak Changed status to publish April 9, 2023