When there is no partnership agreement between partners, the division of Profits takes place in ________ ratio.

 1. Equal 

2. capital ratio 

3. initial contribution 

4. experience and tenure of partner 

Solution: When there is no partnership agreement between partners, the division of Profits takes place in an equal ratio.

Introduction to Partnership and Partnership  Final Accounts  EXERCISE - 1 

12th commerce book keeping accountancy solutions

Maharastra Board 12th commerce book keeping accountancy solutions